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CORPORATIONS ACT 2001

CHAPTER 2D - OFFICERS AND EMPLOYEES  

PART 2D.2 - RESTRICTIONS ON INDEMNITIES, INSURANCE AND TERMINATION PAYMENTS  

Division 2 - Termination payments  

SECTION 200AB  MEANING OF BENEFIT  

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200AB(1)  ["Benefit"]  


For the purposes of this Division, a benefit includes any of the following:


(a) a payment or other valuable consideration;


(b) any kind of real or personal property;


(c) any legal or equitable estate or interest in real or personal property;


(d) any legal or equitable right;


(e) a thing specified in regulations made for the purposes of this paragraph.

Note: For specification by class, see subsection 13(3) of the Legislative Instruments Act 2003.

200AB(2)  [Exceptions specified by regulations]  


However, for the purposes of this Division, a benefit does not include a thing specified in regulations made for the purposes of this subsection.

Note: For specification by class, see subsection 13(3) of the Legislative Instruments Act 2003.


 



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