Corporations Act 2001
CHAPTER 2E
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RELATED PARTY TRANSACTIONS
PART 2E.1
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MEMBER APPROVAL NEEDED FOR RELATED PARTY BENEFIT
Division 2
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Exceptions to the requirement for member approval
SECTION 210
210
ARM'S LENGTH TERMS
Member approval is not needed to give a financial benefit on terms that:
(a) would be reasonable in the circumstances if the public company or entity and the related party were dealing at arm's length; or
(b) are less favourable to the related party than the terms referred to in paragraph (a).
Note: This Chapter applies to a CCIV with modifications: see Division 5 of Part 8B.3 .
View history note
Hide history noteMember approval is not needed to give a financial benefit on terms that:
(a) would be reasonable in the circumstances if the public company or entity and the related party were dealing at arm's length; or
(b) are less favourable to the related party than the terms referred to in paragraph (a).
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