12. Provisions applicable to all executive officers

  1. A reference in this rule 12 to an executive officer is a reference to a Chief Executive Officer, Secretary or Assistant Secretary appointed under this Constitution.
  2. The appointment of an executive officer may be for such period, at such remuneration and upon such conditions as the Directors think fit.
  3. Subject to any contract between the company and the relevant executive officer, any executive officer of the company may be removed or dismissed by the Directors at any time, with or without cause.
  4. The Directors may:
    1. confer on an executive officer such powers, discretions and duties (including any powers, discretions and duties vested in or exercisable by the Directors) as they think fit;
    2. withdraw, suspend or vary any of the powers, discretions and duties conferred on an executive officer; and
    3. authorise the executive officer to delegate all or any of the powers, discretions and duties conferred on the executive officer.
  5. An executive officer is not required to be a member of the company to qualify for appointment.
  6. An act done by a person acting as an executive officer is not invalidated by reason only of:
    1. a defect in the person's appointment as an executive officer; or
    2. the person being disqualified to be an executive officer,
    if that circumstance was not known by the person when the act was done.

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