THE CORPORATIONS LAW

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 210   ARM'S LENGTH TERMS  

210     Member approval is not needed to give a financial benefit on terms that:

(a)  would be reasonable in the circumstances if the public company or entity and the related party were dealing at arm's length; or

(b)  are less favourable to the related party than the terms referred to in paragraph (a).




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