Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 309

309. (1) The report shall set out whether or not, during or since the
financial year, a director has received, or become entitled to receive,
because of a contract made by the company or a related body corporate with the
director, a firm of which the director is a member, or a company in which the
director has a substantial financial interest, a benefit other than:

   (a)  a benefit included in the aggregate amount of emoluments received or
        due and receivable by directors shown, in accordance with the
        regulations made for the purposes of subsection 297 (1), in the
        company's financial statements for the financial year; or

   (b)  the fixed salary of a full-time employee of the company or a related
        body corporate.

(2) If so, the report shall set out the general nature of each such benefit
that a director has so received or to which a director has so become entitled.