Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 6 - OFFICERS  

PART 6-6 - MEMBER APPROVAL NEEDED FOR RELATED PARTY BENEFIT  

Division 290 - Procedure for obtaining member approval  

SECTION 290-25   OTHER MATERIAL PUT TO MEMBERS  

290-25(1)    
Each document (if any) that:

(a)    did not accompany the notice convening the meeting; and

(b)    was given to members of the corporation before or at the meeting by:


(i) the corporation; or

(ii) a related party of the corporation to whom the proposed resolution would permit a financial benefit to be given; or

(iii) an associate of the corporation or of such a related party; and

(c)    can reasonably be expected to have been material to a member in deciding how to vote on the proposed resolution;

must be the same, in all material respects, as a document lodged under paragraph 290-5(1)(d) .

Penalty: 5 penalty units.


290-25(2)    
An offence against subsection (1) is an offence of strict liability.

Note:

For strict liability , see section 6.1 of the Criminal Code .

 

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