Australian Capital Territory Repealed Acts

This legislation has been repealed.

INSURANCE AUTHORITY ACT 2000 (REPEALED) - SECT 27

    (1)     The chairperson presides at all meetings at which the chairperson is present.

    (2)     If the chairperson is absent, the deputy chairperson presides.

    (3)     If the chairperson and the deputy chairperson are both absent, the director chosen by the directors present presides.

    (4)     At a meeting of the board—

        (a)     4 directors form a quorum; and

        (b)     each director has a vote on each question to be decided; and

        (c)     a question is to be decided by a majority of the votes of the directors present and voting but, if the votes are equal, the director presiding has a casting vote.

    (5)     The board may conduct its proceedings (including its meetings) as it considers appropriate.

    (6)     The board may hold meetings, or allow directors to take part in meetings, by telephone, closed-circuit communication or another form of communication.

    (7)     A director who takes part in a meeting conducted under subsection (6) is taken to be present at the meeting.

    (8)     If—

        (a)     all directors agree, in writing, to a proposed resolution; and

        (b)     notice of the resolution is given under procedures decided by the board;

the resolution is a valid resolution of the board, even though it was not passed at a meeting of the board.

    (9)     The board must keep minutes of its meetings.