Corporations (Aboriginal and Torres Strait Islander) Act 2006
CHAPTER 6
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OFFICERS
PART 6-6
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MEMBER APPROVAL NEEDED FOR RELATED PARTY BENEFIT
Division 287
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Exceptions to the requirement for member approval
SECTION 287-10
287-10
BENEFITS TO MEMBERS THAT DO NOT DISCRIMINATE UNFAIRLY
Member approval is not needed to give a financial benefit if: (a) the benefit is given to the related party in the related party ' s capacity as a member of the corporation; and (b) giving the benefit does not discriminate unfairly against the other members of the corporation.
Member approval is not needed to give a financial benefit if: (a) the benefit is given to the related party in the related party ' s capacity as a member of the corporation; and (b) giving the benefit does not discriminate unfairly against the other members of the corporation.
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