Document ID: chunk:federal_register_of_legislation:C2021A00047:clause:1_2
Version: federal_register_of_legislation:C2021A00047
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 2337–2775

2  Paragraphs 35B(3)(a) and (b)
Repeal the paragraphs, substitute:
 (a) if there is a single corporate trustee—by:
 (i) if the corporate trustee has one or 2 directors—each director; or
 (ii) otherwise—at least half of the directors; or
 (b) if there is a group of individual trustees—by:
 (i)  if there are only 2 trustees—both trustees; or
 (ii) otherwise—at least half of the trustees.

Part 2—Other amendments

Corporations Act 2001