(1) A proxy under this part--
(a) must be in the approved form; and
(b) must be in the English language; and
(c) can not be irrevocable; and
(d) can not be transferred by the holder of the proxy to a third person; and
(e) lapses at the end of the body corporate's financial year or at the end of a shorter period stated in the proxy; and
(f) may be given by any person who has the right to vote at a general meeting; and
(g) subject to the limitations contained in this part, may be given to any individual; and
(h) must appoint a named individual.
(2) A proxy, other than a proxy that, under this part, may be exercised by the original owner, must be in a document separate from a contract.