THE CORPORATIONS LAW

CHAPTER 2D - OFFICERS AND EMPLOYEES

PART 2D.2 - RESTRICTIONS ON INDEMNITIES, INSURANCE AND TERMINATION PAYMENTS

Division 2 - Termination payments

SECTION 200D   CONTRAVENTION TO RECEIVE BENEFIT WITHOUT MEMBER APPROVAL  

200D     A person who:

(a)  holds, or has at any previous time held, a board or managerial office in a company or related body corporate; or

(b)  is the spouse of a person referred to in paragraph (a); or

(c)  is a relative of a person referred to in paragraph (a) or of the spouse of such a person; or

(d)  is an associate of a person referred to in paragraph (a) or the spouse of an associate of such a person;

must not receive a benefit if the giving of the benefit contravenes section 200B or 200C.

Note:

Section 9 defines board or managerial office .




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