CHAPTER 2E
-
RELATED PARTY TRANSACTIONS
Note: This Chapter applies to a CCIV with modifications: see Division
5
of Part
8B.3
.
History
Ch 2E amended by No 8 of 2022, s 3, Sch 2[76] (effective 1 July 2022).
SECTION 207
207
PURPOSE
The rules in this Chapter are designed to protect the interests of a public company's members as a whole, by requiring member approval for giving financial benefits to related parties that could endanger those interests.
PART 2E.3
-
INTERACTION WITH OTHER RULES
SECTION 230
230
GENERAL DUTIES STILL APPLY
A director is not relieved from any of their duties under this Act (including sections 180 and 184), or their fiduciary duties, in connection with a transaction merely because the transaction is authorised by a provision of this Chapter or is approved by a resolution of members under a provision of this Chapter.