Corporations Act 2001

CHAPTER 2D - OFFICERS AND EMPLOYEES  

PART 2D.1 - DUTIES AND POWERS  

Division 4 - Powers  

SECTION 198C   MANAGING DIRECTOR (REPLACEABLE RULE - SEE SECTION 135)  

198C(1)   [ Conferral of powers]  

The directors of a company may confer on a managing director any of the powers that the directors can exercise.

198C(2)   [ Power can be revoked or varied]  

The directors may revoke or vary a conferral of powers on the managing director.