Document ID: chunk:federal_register_of_legislation:C2025C00185:section:201k
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 201K
Character Range: 621833–622641

201K  Alternate directors (replaceable rule—see section 135)
 (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.
 (2) If the appointing director requests the company to give the alternate notice of directors' meetings, the company must do so.
 (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.
 (4) The appointing director may terminate the alternate's appointment at any time.
 (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)).