THE CORPORATIONS LAW

CHAPTER 2D - OFFICERS AND EMPLOYEES

PART 2D.3 - APPOINTMENT, REMUNERATION AND CESSATION OF APPOINTMENT OF DIRECTORS

Division 1 - Appointment of directors

SECTION 201K   ALTERNATE DIRECTORS (replaceable rule - see section 135)  

201K(1)  [Need for approval]  

With the other directors' approval, a director may appoint an alternate to exercise some or all of the director's powers for a specified period.

201K(2)  [Request for notice]  

If the appointing director requests the company to give the alternate notice of directors' meetings, the company must do so.

201K(3)  [Exercise of powers]  

When an alternate exercises the director's powers, the exercise of the powers is just as effective as if the powers were exercised by the director.

201K(4)  [Termination]  

The appointing director may terminate the alternate's appointment at any time.

201K(5)  [Documents required]  

An appointment or its termination must be in writing. A copy must be given to the company.

Note:

ASIC must be given notice of the appointment and termination of appointment of an alternate (see subsections 205B(2) and (5)).