THE CORPORATIONS LAW
CCH Note:
Part 13 of the Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82 The Corporations Law is as follows:...
CHAPTER 2E - RELATED PARTY TRANSACTIONS
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Hide history notePART 2E.1 - MEMBER APPROVAL NEEDED FOR RELATED PARTY BENEFIT
Division 2 - Exceptions to the requirement for member approval
SECTION 215 BENEFITS TO MEMBERS THAT DO NOT DISCRIMINATE UNFAIRLY 215 Member approval is not needed to give a financial benefit if: (a) the benefit is given to the related party in their capacity as a member of the public company; and (b) giving the benefit does not discriminate unfairly against the other members of the public company.This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.