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 200F   EXEMPT BENEFITS AND BENEFITS GIVEN IN CERTAIN CIRCUMSTANCES  

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200F     Subsection 200B(1) does not apply to:

(a)  a benefit given in connection with a person's retirement from an office in relation to a company if the benefit is:

(i) given under an agreement entered into before 1 January 1991 if giving the benefit in accordance with the agreement would have been lawful if the benefit were given when the agreement was entered into; or

(ii) a genuine payment by way of damages for breach of contract; or

(iii) given to the person under an agreement made between the company and the person before the person became the holder of the office as the consideration, or part of the consideration, for the person agreeing to hold the office; or

(iv) a payment made in respect of leave of absence to which the person is entitled under an industrial instrument; or

(b)  a benefit given in prescribed circumstances.

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History

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

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