Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 253B

Body corporate representative

  (1)   A body corporate may appoint an individual as a representative to exercise all or any of its powers at a meeting of a registered scheme's members. The appointment may be a standing one.

  (2)   The appointment must set out what the representative is appointed to do and may set out restrictions on the representative's powers. If the appointment is to be by reference to a position held, the appointment must identify the position.

  (3)   A body corporate may appoint more than 1 representative but only 1 representative may exercise the body's powers at any one time.

  (4)   Unless otherwise specified in the appointment, the representative may exercise, on the body corporate's behalf, all of the powers that the body could exercise at a meeting or in voting on a resolution.


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