Document background
The Certificate of Corporate Authority is a fundamental corporate governance document used in Australian business practice to formally demonstrate and verify the authority of specific individuals to act on behalf of a corporation. This document is particularly important when companies need to provide evidence of representative authority to third parties such as banks, government agencies, or business partners. The certificate typically includes details of the authorized persons, the scope of their authority, and references to the relevant board resolutions or corporate approvals. It's commonly required for significant transactions, opening bank accounts, executing major contracts, or dealing with regulatory authorities. The document must comply with the requirements of the Corporations Act 2001 and may need to be updated as authorized personnel or their powers change.
