Corporations (Aboriginal and Torres Strait Islander) Act 2006
CHAPTER 6
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OFFICERS
PART 6-6
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MEMBER APPROVAL NEEDED FOR RELATED PARTY BENEFIT
Division 296
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Interaction with other rules
SECTION 296-1
296-1
GENERAL DUTIES STILL APPLY
A director is not relieved from any of his or her duties under this Act (including sections 265-1 and 265-25 ), or his or her fiduciary duties, in connection with a transaction merely because the transaction is authorised by a provision of this Part or is approved by a resolution of members under a provision of this Part.
A director is not relieved from any of his or her duties under this Act (including sections 265-1 and 265-25 ), or his or her fiduciary duties, in connection with a transaction merely because the transaction is authorised by a provision of this Part or is approved by a resolution of members under a provision of this Part.
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