THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 2D - OFFICERS AND EMPLOYEES

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History

Chapter 2D substituted by No 156 of 1999, Sch 1 (effective 13 March 2000).

PART 2D.2 - RESTRICTIONS ON INDEMNITIES, INSURANCE AND TERMINATION PAYMENTS

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History

Part 2D.2 substituted by No 156 of 1999, Sch 1 (effective 13 March 2000).

Division 2 - Termination payments

SECTION 200C   BENEFITS ON TRANSFER OF UNDERTAKING OR PROPERTY NEED MEMBERSHIP APPROVAL  

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200C     A person must not give a benefit to a person who:

(a)  holds, or has at any previous time held, a board or managerial office in a company or a related body corporate; or

(b)  is the spouse of a person referred to in paragraph (a); or

(c)  is a relative of a person referred to in paragraph (a) or of the spouse of such a person; or

(d)  is an associate of a person referred to in paragraph (a) or the spouse of an associate of such a person;

in connection with the transfer of the whole or any part of the undertaking or property of the company without member approval under section 200E.

Note:

Section 9 defines board or managerial office .

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History

S 200C inserted by No 156 of 1999, Sch 1 (effective 13 March 2000).

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