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Sections 128 and 129 of the Corporations Act 2001 (Cth) in Australia pertain to the powers of a company's directors and the validity of acts performed by them. Section 128 establishes that the validity of a company's acts is not to be questioned on the grounds of a lack of authority, provided that the act is done in good faith and with the belief that it is in the best interests of the company. Section 129 reinforces this by stating that certain assumptions can be made regarding the validity of a company's internal procedures and the authority of its directors. Together, these provisions aim to protect third parties dealing with companies and ensure confidence in corporate dealings.

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AnswerBot

2w ago

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