Corporations Act 2001
CHAPTER 2D
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OFFICERS AND EMPLOYEES
PART 2D.8
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REMUNERATION RECOMMENDATIONS IN RELATION TO KEY MANAGEMENT PERSONNEL FOR DISCLOSING ENTITIES
This section applies to a remuneration consultant who makes a remuneration recommendation in relation to one or more members of the key management personnel for a company that is a disclosing entity. 206M(2)
The remuneration consultant must include with the recommendation a declaration about whether the consultant ' s recommendation is made free from undue influence by the member or members of the key management personnel to whom the recommendation relates.
An offence based on subsection (2) is an offence of strict liability.
SECTION 206M
DECLARATION BY REMUNERATION CONSULTANT
206M(1)
This section applies to a remuneration consultant who makes a remuneration recommendation in relation to one or more members of the key management personnel for a company that is a disclosing entity. 206M(2)
The remuneration consultant must include with the recommendation a declaration about whether the consultant ' s recommendation is made free from undue influence by the member or members of the key management personnel to whom the recommendation relates.
Note: Failure to comply with this subsection is an offence: see subsection 1311(1) .
206M(3)An offence based on subsection (2) is an offence of strict liability.
Note: For strict liability, see section 6.1 of the Criminal Code .
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