Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 927A

Sub-delegation by management sub-committee

(1) A management sub-committee may delegate to:

(a)
a member of the Board; or

(b)
a member of the sub-committee; or

(c)
an officer of SEGC;

all or any of the powers, authorities and discretions that have been delegated under subsection 927(2) to the sub-committee.

(2) A delegation must be in writing signed by a majority of the members of the sub-committee. (3) A delegation may be varied or revoked at any time by writing signed by a majority of the members of the sub-committee. (4) A delegation continues in force even if there is a change in the membership of the sub-committee. (5) A power, authority or discretion performed or exercised by a person under a delegation is taken to have been exercised by the Board. (6) A delegation of a power, authority or discretion does not prevent the performance or exercise of the power, authority or discretion by the Board or by the sub-committee that made the delegation. (7) Section 109ZE has effect in relation to a delegation subject to this section. (8) In this section:

"delegation" means a delegation under this section.

"management sub-committee" means a management sub-committee appointed under subsection 927(1).



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