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 200J   BENEFITS TO BE HELD IN TRUST FOR COMPANY  

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200J(1)  [Creation of trust]  

If giving a benefit to a person contravenes section 200B, then:

(a)  if the benefit is a payment - the amount of the payment; or

(b)  otherwise - the money value of the prescribed benefit;

is taken to be received by the person in trust for the company concerned.

200J(2)  [Section applies to whole amount]  

Subsection (1) applies to the whole of the amount of a payment or of the money value of the benefit even though giving the benefit would not have contravened section 200B if that amount or value of the benefit had been less.

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History

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

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