Pt 2D.8 inserted by No 42 of 2011, s 3, Sch 1, Pt 1 (effective 1 July 2011).
SECTION 206K BOARD TO APPROVE REMUNERATION CONSULTANTS
(a) that is for services that include making a remuneration recommendation in relation to one or more members of the key management personnel for a company that is a disclosing entity; and
(b) that is between the company and a person (the proposed consultant) who, by making the recommendation under the contract, will be a remuneration consultant.
(a) the directors of the company; or
(b) the members of a committee (the remuneration committee) that:
(i) is a committee of the board of directors of the company; and
(ii) has functions relating to the remuneration of key management personnel for the company.
(a) is not an offence except as provided by subsection (4); and
(b) does not affect the validity of the contract.
Note: For strict liability, see section 6.1 of the Criminal Code.
S 206K inserted by No 42 of 2011, s 3, Sch 1, Pt 1 (effective 1 July 2011).