THE CORPORATIONS LAW
CCH Note:
Part 13 of the Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82 The Corporations Law is as follows:...
CHAPTER 2E - RELATED PARTY TRANSACTIONS
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Hide history notePART 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).This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.