Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 885A

Purpose of this Subdivision

  (1)   This Subdivision applies for the purpose of determining, for the purposes of a provision of this Division:

  (a)   whether:

  (i)   proposed compensation arrangements are adequate; or

  (ii)   compensation arrangements as proposed to be changed are adequate; or

  (b)   whether compensation arrangements that have been approved are adequate.

  (2)   A reference in this Subdivision to the arrangements is a reference to the proposed arrangements, the arrangements as proposed to be changed, or the arrangements that have been approved, as the case requires.

  (3)   A reference in this Subdivision to the compensation rules is a reference to the compensation rules, or the proposed compensation rules, forming part of the arrangements under consideration.


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