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