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CORPORATIONS ACT 2001

CHAPTER 2E - RELATED PARTY TRANSACTIONS  

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

Division 2 - Exceptions to the requirement for member approval  

SECTION 215  

215  BENEFITS TO MEMBERS THAT DO NOT DISCRIMINATE UNFAIRLY  

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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