Corporations Act 2001
CHAPTER 10
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TRANSITIONAL PROVISIONS
PART 10.17
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TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS AMENDMENT (IMPROVING ACCOUNTABILITY ON DIRECTOR AND EXECUTIVE REMUNERATION) ACT 2011
SECTION 1517
1517
APPLICATION OF SUBDIVISION B OF DIVISION 1 OF PART 2D.3
Subdivision B of Division 1 of Part 2D.3 applies in relation to the setting of board limits on or after 1 July 2011.
SECTION 1518
APPLICATION OF SECTIONS 206J, 206K, 206L AND 206M
1518(1)
Section 206J applies to entry into arrangements on or after 1 July 2011, whether the remuneration was for services rendered before, on or after that day.
1518(2)
Section 206K applies to contracts entered into on or after 1 July 2011.
1518(3)
Sections 206L and 206M apply to recommendations made under contracts entered into on or after 1 July 2011.
SECTION 1519
1519
APPLICATION OF SUBSECTION 249L(2)
Subsection 249L(2) as substituted by the Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Act 2011 applies in relation to AGMs held on or after 1 July 2011.
SECTION 1520
1520
APPLICATION OF SECTION 250BB
Section 250BB applies to voting on or after 1 August 2011, whether the proxy was appointed before, on or after that day.
SECTION 1521
1521
APPLICATION OF SECTION 250BC
Section 250BC applies to appointments of proxies made on or after 1 August 2011.
SECTION 1522
1522
APPLICATION OF SECTION 250BD
Section 250BD applies in relation to voting on or after 1 August 2011, whether the matter that is the subject of the resolution relates to a time before, on or after that day.
SECTION 1523
1523
APPLICATION OF SUBSECTIONS 250R(4) TO (10)
Subsections 250R(4) , (5) , (6) , (7) , (8) , (9) and (10) apply in relation to voting on or after 1 August 2011, whether the remuneration report concerned relates to a financial year starting before, on or after that day.
SECTION 1524
1524
APPLICATION OF DIVISION 9 OF PART 2G.2
Division 9 of Part 2G.2 applies in relation to AGMs held on or after 1 July 2011.
SECTION 1525
APPLICATION OF AMENDMENTS OF SECTION 300A
1525(1)
The amendments of section 300A made by the Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Act 2011 apply in relation to remuneration reports for financial years starting on or after 1 July 2011.
1525(2)
Subsection (1) does not apply to the repeal of subsection 300A(1AAA) .
Saving of regulations made for paragraph 300A(1)(f)
1525(3)
The amendment of paragraph 300A(1)(f) made by the Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Act 2011 does not affect the validity of any regulations in force for the purposes of that paragraph immediately before that amendment.
View history note
Hide history noteSubdivision B of Division 1 of Part 2D.3 applies in relation to the setting of board limits on or after 1 July 2011.
Section 206J applies to entry into arrangements on or after 1 July 2011, whether the remuneration was for services rendered before, on or after that day.
1518(2)
Section 206K applies to contracts entered into on or after 1 July 2011.
1518(3)
Sections 206L and 206M apply to recommendations made under contracts entered into on or after 1 July 2011.
Subsection 249L(2) as substituted by the Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Act 2011 applies in relation to AGMs held on or after 1 July 2011.
Section 250BB applies to voting on or after 1 August 2011, whether the proxy was appointed before, on or after that day.
Section 250BC applies to appointments of proxies made on or after 1 August 2011.
Section 250BD applies in relation to voting on or after 1 August 2011, whether the matter that is the subject of the resolution relates to a time before, on or after that day.
Subsections 250R(4) , (5) , (6) , (7) , (8) , (9) and (10) apply in relation to voting on or after 1 August 2011, whether the remuneration report concerned relates to a financial year starting before, on or after that day.
Division 9 of Part 2G.2 applies in relation to AGMs held on or after 1 July 2011.
Note: This has the effect that the Division can apply in relation to a company only if both of its 2 most recent AGMs have been held on or after 1 July 2011.
The amendments of section 300A made by the Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Act 2011 apply in relation to remuneration reports for financial years starting on or after 1 July 2011.
1525(2)
Subsection (1) does not apply to the repeal of subsection 300A(1AAA) .
Saving of regulations made for paragraph 300A(1)(f)
1525(3)
The amendment of paragraph 300A(1)(f) made by the Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Act 2011 does not affect the validity of any regulations in force for the purposes of that paragraph immediately before that amendment.