198D
In forceDelegation
Volume 1Chapter 1, Part 1.1 to Chapter 2J, Part 2J.4 sections 1 to 260E
Chapter 2DOfficers and employees
Part 2D.1Duties and powers
Division 4Powers
198D Delegation
(1)
Unless the company’s constitution provides otherwise, the directors of a company may delegate any of their powers to:
(a)
a committee of directors; or
(b)
a director; or
(c)
an employee of the company; or
(d)
any other person.
Note 1:
The delegation must be recorded in the company’s minute book (see section 251A).
Note 2:
If the company is a CCIV, section 1224L applies instead of this section.
(2)
The delegate must exercise the powers delegated in accordance with any directions of the directors.
(3)
The exercise of the power by the delegate is as effective as if the directors had exercised it.
This Act’s bill:Explanatory memorandumSecond reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.