Corporations Act 2001
CHAPTER 2E
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RELATED PARTY TRANSACTIONS
PART 2E.1
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MEMBER APPROVAL NEEDED FOR RELATED PARTY BENEFIT
Division 2
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Exceptions to the requirement for member approval
SECTION 215
215
BENEFITS TO MEMBERS THAT DO NOT DISCRIMINATE UNFAIRLY
Member approval is not needed to give a financial benefit if:
(a) the benefit is given to the related party in their capacity as a member of the public company; and
(b) giving the benefit does not discriminate unfairly against the other members of the public company.
Note: This Chapter applies to a CCIV with modifications: see Division 5 of Part 8B.3 .
View history note
Hide history noteMember approval is not needed to give a financial benefit if:
(a) the benefit is given to the related party in their capacity as a member of the public company; and
(b) giving the benefit does not discriminate unfairly against the other members of the public company.
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