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 2E - RELATED PARTY TRANSACTIONS

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History

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

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

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History

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

Division 2 - Exceptions to the requirement for member approval

SECTION 215   BENEFITS TO MEMBERS THAT DO NOT DISCRIMINATE UNFAIRLY  

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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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History

S 215 inserted by No 156 of 1999, Sch 1 (effective 13 March 2000).

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