Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.3 - CORPORATE GOVERNANCE OF CCIVs  

Division 2 - Officers and employees of the CCIV  

Subdivision D - Termination payments  

SECTION 1224ZC  

1224ZC   MEMBER APPROVAL NOT NEEDED FOR BENEFIT SPECIFIED IN CONSTITUTION  


Despite subsection 200AB(1) , for the purposes of Division 2 of Part 2D.2 , a benefit does not include a payment made by the CCIV to its corporate director if:

(a)    the corporate director is entitled to the payment under provisions of the constitution; and

(b)    for a retail CCIV - the provisions comply with section 1224N .


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