Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 (103 of 2004)

Schedule 5   Remuneration of directors and executives

Corporations Act 2001

11   Paragraph 300A(1)(a)

Repeal the paragraph, substitute:

(a) discussion of:

(i) board policy for determining, or in relation to, the nature and amount (or value, as appropriate) of remuneration of directors, secretaries and senior managers of the company; and

(ii) if consolidated financial statements are required - board policy in relation to the nature and amount (or value, as appropriate) of remuneration of other group executives for the consolidated entity; and