THE CORPORATIONS LAW

CHAPTER 2G - MEETINGS

PART 2G.2 - MEETINGS OF MEMBERS OF COMPANIES

Division 6 - Proxies and body corporate representatives

SECTION 250D   BODY CORPORATE REPRESENTATIVE  

250D(1)  [Appointment of representative]  

A body corporate may appoint an individual as a representative to exercise all or any of the powers the body corporate may exercise:

(a)  at meetings of a company's members; or

(b)  at meetings of creditors or debenture holders; or

(c)  relating to resolutions to be passed without meetings.

The appointment may be a standing one.

250D(2)  [Restrictions in representatives powers]  

The appointment 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.

250D(3)  [More than 1 representative]  

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

250D(4)  [Representative's powers]  

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.

Note:

For resolutions of members without meetings, see sections 249A and 249B.