Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 6 - OFFICERS  

PART 6-2 - APPOINTMENT, REMUNERATION AND CESSATION OF APPOINTMENT OF DIRECTORS  

Division 246 - Appointment of directors  

SECTION 246-30   ALTERNATE DIRECTORS (REPLACEABLE RULE - SEE SECTION 60-1)  

246-30(1)    
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.

246-30(2)    
If the appointing director requests the Aboriginal and Torres Strait Islander corporation to give the alternate notice of directors ' meetings, the corporation must do so.

246-30(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.

246-30(4)    
The appointing director may terminate the alternate ' s appointment at any time.

246-30(5)    
An appointment or its termination must be in writing. A copy must be given to the corporation.

Note:

The Registrar must be given notice of the appointment and termination of appointment of an alternate (see subsections 304-5(3) and (6) ).



 

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