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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 200D  CONTRAVENTION TO RECEIVE BENEFIT WITHOUT MEMBER APPROVAL  

200D(1)  [Prohibition on receiving benefit]  


A person who:


(a) holds, or has at any previous time held, a managerial or executive office in a company or related body corporate; or
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(b) is the spouse of a person referred to in paragraph (a); or


(c) is a relative of a person referred to in paragraph (a) or of the spouse of such a person; or


(d) is an associate of a person referred to in paragraph (a) or the spouse of an associate of such a person;

must not receive a benefit if the giving of the benefit contravenes section 200B or 200C.

200D(2)  [Strict liability offence]  

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An offence based on subsection (1) is an offence of strict liability.

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


 



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