Section 1224L — Corporations Act 2001 (Cth)

Agents appointed by corporate director

(1) The corporate director has power to appoint an agent, or otherwise engage a person, to do anything that the corporate director is authorised to do in connection with the CCIV.

Note: A CCIV may also have an agent: see section 126.

Agents appointed by CCIV and sub‑agents

(2) An agent appointed, or a person otherwise engaged, by:

(a) an agent or person referred to in subsection (1); or

(b) the CCIV; or

(c) a person who is taken under this subsection to be an agent of the corporate director;

to do anything that the corporate director is authorised to do in connection with the CCIV is taken to be an agent appointed by the corporate director to do that thing for the purposes of this section.

Delegation

(3) Section 198D does not apply to a CCIV.

Related sections

• s 1224H — Effectiveness of acts by corporate director
• s 1224J — Corporate director must operate the CCIV
• s 1224K — Corporate director not required to disclose material personal interest
• s 1224M — Retail CCIV—responsibility of corporate director for certain acts of agents
• s 1224N — Retail CCIV—limitation on right of corporate director to fees and indemnities
• s 1224P — Retail CCIV—limitation on right of corporate director to acquire shares in CCIV

Research how courts apply s 1224L

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.