Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.3 - CORPORATE GOVERNANCE OF CCIVs  

Division 2 - Officers and employees of the CCIV  

Subdivision B - The corporate director of a CCIV  

SECTION 1224L   CORPORATE DIRECTOR MAY APPOINT AN AGENT OR ENGAGE A PERSON  

Agents appointed by corporate director

1224L(1)    
The corporate director has power to appoint an agent, or otherwise engage a person, to do anything that the corporate director is authorised to do in connection with the CCIV.

Note: A CCIV may also have an agent: see section 126 .

Agents appointed by CCIV and sub-agents

1224L(2)    
An agent appointed, or a person otherwise engaged, by:

(a)    an agent or person referred to in subsection (1) ; or

(b)    the CCIV; or

(c)    a person who is taken under this subsection to be an agent of the corporate director;

to do anything that the corporate director is authorised to do in connection with the CCIV is taken to be an agent appointed by the corporate director to do that thing for the purposes of this section.

Delegation

1224L(3)    
Section 198D does not apply to a CCIV.