Corporations Act 2001
CHAPTER 2E
-
RELATED PARTY TRANSACTIONS
Note: This Chapter applies to a CCIV with modifications: see Division 5 of Part 8B.3 .
PART 2E.1
-
MEMBER APPROVAL NEEDED FOR RELATED PARTY BENEFIT
Division 3
-
Procedure for obtaining member approval
SECTION 227
DECLARATION BY COURT OF SUBSTANTIAL COMPLIANCE
227(1)
[
Declaration by Court]
The Court may declare that the conditions prescribed by this Division have been satisfied if it finds that they have been substantially satisfied.
227(2) [ Need for application]A declaration may be made only on the application of an interested person.