Corporations Amendment (Improving Accountability on Termination Payments) Act 2009 (115 of 2009)

Schedule 1   Amendments

Part 3   Application

Corporations Act 2001

43   Application

(1) The amendments made by Part 1 apply in relation to a retirement from an office, or position of employment, held under:

(a) an agreement entered into; or

(b) an agreement renewed or extended; or

(c) an agreement, for which a variation of a condition of the agreement happens;

on or after the commencement of that Part.

(2) If the amendments made by Part 1 apply in relation to a person’s retirement from an office or position in a company, the person’s relevant period for the purposes of section 200F or 200G of the Corporations Act 2001 applies to managerial or executive offices held by the person:

(a) in the company or related bodies corporate; and

(b) before, on or after the commencement of that Part.

(3) Despite the amendment made by Part 2 (the Part 2 amendment ), paragraph 200F(1)(a) of the Corporations Act 2001 (as amended by Part 1 of this Schedule) continues to apply, in relation to agreements entered into before 1 January 1991, as if the Part 2 amendment had not been made.