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StatuteCorporations Act 2001

Section 198C — Corporations Act 2001: Managing director (replaceable rule—see section 135)

Text of the provision Official document

(1) The directors of a company may confer on a managing director any of the powers that the directors can exercise. (2) The directors may revoke or vary a conferral of powers on the managing director.

Official source: Federal Register of Legislation

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Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.