Replaceable Rules
The basic rules for internally managing a company are included in the Act as 'replaceable rules'. The table under s.141 of the Act sets out the provisions of the Act that apply as replaceable rules.
A company may take advantage of the replaceable rules in the Act to govern its internal management - it does not need to have a written constitution of its own. This means that companies choosing to be governed by the replaceable rules will not incur the expense of keeping their constitutions up to date with the law - even in the event that the replaceable rules are amended.
Click here for a listing of the current Replaceable Rules provisions
The basic rules for internally managing a company are included in the Act as 'replaceable rules'. The table under s.141 of the Act sets out the provisions of the Act that apply as replaceable rules.
A company may take advantage of the replaceable rules in the Act to govern its internal management - it does not need to have a written constitution of its own. This means that companies choosing to be governed by the replaceable rules will not incur the expense of keeping their constitutions up to date with the law - even in the event that the replaceable rules are amended.
Click here for a listing of the current Replaceable Rules provisions
Legal Disclaimer...
Please note that this material is for general information only and is subject to our Legal Disclaimer.
Please note that this material is for general information only and is subject to our Legal Disclaimer.
These are the current replaceable rules from ASIC - by Andre Di Cioccio lawyer.
