THE CORPORATIONS LAW

CHAPTER 2E - RELATED PARTY TRANSACTIONS

PART 2E.1 - MEMBER APPROVAL NEEDED FOR RELATED PARTY BENEFIT

Division 2 - Exceptions to the requirement for member approval

SECTION 215   BENEFITS TO MEMBERS THAT DO NOT DISCRIMINATE UNFAIRLY  

215     Member approval is not needed to give a financial benefit if:

(a)  the benefit is given to the related party in their capacity as a member of the public company; and

(b)  giving the benefit does not discriminate unfairly against the other members of the public company.


 

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