Corporations Act 2001
Note: This Part does not apply to a CCIV: see section 1224E .
View history note
Hide history noteWith 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)
If the appointing director requests the company to give the alternate notice of directors ' meetings, the company must do so.
201K(3)
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)
The appointing director may terminate the alternate ' s appointment at any time.
201K(5)
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) ).
[ CCH Note: S 201K(5) will be amended by No 69 of 2020, s 3, Sch 1[517], by substituting " The Registrar " for " ASIC " in the note, (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
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