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)).
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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