Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 198D

Delegation

 
 
(1)
Unless the company's constitution provides
otherwise, the directors of a company may delegate any of their powers to:
 
 
 
(a)
a committee of
directors; or

(b)
a director; or

(c)
an employee of the company; or

(d)
any other person. 

 
 Note: The delegation must be
recorded in the company's minute book (see section 251A). 


 
 
(2)
The delegate must exercise the powers
delegated in accordance with any directions of the directors.


(3)
The exercise of the power by the delegate is as effective as if
the directors had exercised it.