Corporations Act 2001
CHAPTER 2D
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OFFICERS AND EMPLOYEES
PART 2D.2
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RESTRICTIONS ON INDEMNITIES, INSURANCE AND TERMINATION PAYMENTS
Division 2
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Termination payments
SECTION 200D
CONTRAVENTION TO RECEIVE BENEFIT WITHOUT MEMBER APPROVAL
200D(1)
[
Prohibition on receiving benefit]
(a) holds, or has at any previous time held, a managerial or executive office in a company or related body corporate; or
(b) is the spouse of a person referred to in paragraph (a); or
(c) is a relative of a person referred to in paragraph (a) or of the spouse of such a person; or
(d) is an associate of a person referred to in paragraph (a) or the spouse of an associate of such a person;
(a) holds, or has at any previous time held, a managerial or executive office in a company or related body corporate; or
(b) is the spouse of a person referred to in paragraph (a); or
(c) is a relative of a person referred to in paragraph (a) or of the spouse of such a person; or
(d) is an associate of a person referred to in paragraph (a) or the spouse of an associate of such a person;
must not receive a benefit if the giving of the benefit contravenes section 200B or 200C.
200D(2)
[
Strict liability offence]
An offence based on subsection (1) is an offence of strict liability.
Note: For strict liability , see section 6.1 of the Criminal Code .
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