Corporations (Aboriginal and Torres Strait Islander) Act 2006
CHAPTER 6
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OFFICERS
PART 6-2
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APPOINTMENT, REMUNERATION AND CESSATION OF APPOINTMENT OF DIRECTORS
Division 252
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Remuneration of directors
SECTION 252-1
REMUNERATION
252-1(1)
Unless the constitution of an Aboriginal and Torres Strait Islander corporation provides otherwise, the directors of the corporation are not to be paid remuneration.
252-1(2)
If an Aboriginal and Torres Strait Islander corporation ' s constitution permits the payment of remuneration, the remuneration is to be determined by the corporation by resolution in general meeting.
Expenses
252-1(3)
The corporation may pay the directors ' travelling and other expenses that the directors properly incur: (a) in attending directors ' meetings or any meetings of committees of directors; and (b) in attending any general meetings of the corporation; and (c) in connection with the corporation ' s business.
Unless the constitution of an Aboriginal and Torres Strait Islander corporation provides otherwise, the directors of the corporation are not to be paid remuneration.
Note:
If a director is an employee of the corporation, the director is not precluded from receiving remuneration as an employee.
252-1(2)
If an Aboriginal and Torres Strait Islander corporation ' s constitution permits the payment of remuneration, the remuneration is to be determined by the corporation by resolution in general meeting.
Expenses
252-1(3)
The corporation may pay the directors ' travelling and other expenses that the directors properly incur: (a) in attending directors ' meetings or any meetings of committees of directors; and (b) in attending any general meetings of the corporation; and (c) in connection with the corporation ' s business.
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