Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 890C

  (1)   Subject to this section, all decisions of the SEGC in relation to the performance of its functions, and the exercise of its powers, under this Part must be made by the board of the SEGC.

  (2)   The board of the SEGC must not delegate any of the following powers of the SEGC:

  (a)   the power to borrow under section   889E;

  (b)   the power to determine the order of payments under section   889H;

  (c)   the power to determine a minimum amount under section   889I;

  (d)   the power to make operating rules under section   890D;

  (e)   the power (or duty) to make a payment under section   891A.

  (3)   Otherwise, the board of the SEGC may delegate all or any of their powers under this Part   in accordance with section   198D.