Corporations Act 2001

CHAPTER 2D - OFFICERS AND EMPLOYEES  

PART 2D.8 - REMUNERATION RECOMMENDATIONS IN RELATION TO KEY MANAGEMENT PERSONNEL FOR DISCLOSING ENTITIES  

Note: This Part does not apply to a CCIV: see section 1224E .

SECTION 206M   DECLARATION BY REMUNERATION CONSULTANT  

206M(1)    
This section applies to a remuneration consultant who makes a remuneration recommendation in relation to one or more members of the key management personnel for a company that is a disclosing entity.

206M(2)    
The remuneration consultant must include with the recommendation a declaration about whether the consultant ' s recommendation is made free from undue influence by the member or members of the key management personnel to whom the recommendation relates.

Note: Failure to comply with this subsection is an offence: see subsection 1311(1) .

206M(3)    
An offence based on subsection (2) is an offence of strict liability.

Note: For strict liability, see section 6.1 of the Criminal Code .