Corporations Act 2001
CHAPTER 2E
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RELATED PARTY TRANSACTIONS
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.
Note: This Chapter applies to a CCIV with modifications: see Division 5 of Part 8B.3 .
View history note
Hide history noteThe 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.