Corporations (Aboriginal and Torres Strait Islander) Consequential, Transitional and Other Measures Act 2006 (125 of 2006)
Schedule 3 Transitional provisions
Part 2 Bringing transitional corporations across to new system
Division 8 Related party benefits
49 Related party benefits
(1) Part 6-6 of the new Act does not apply in relation to a transitional corporation in relation to a financial benefit if:
(a) the corporation, or an entity that the corporation controls, is required to give a financial benefit under a contract; and
(b) the contract was made before commencement; and
(c) the provisions of the contract dealing with the requirement, or with related matters, have not been modified after commencement.
(2) In subitem (1):
contract includes deed.