Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 749

749. (1) This section has effect for the purposes of:

   (a)  clause 12 in Part A in section 750;

   (b)  clause 8 in Part B in section 750;

   (c)  clause 9 in Part C in section 750; and

   (d)  clause 8 in Part D in section 750; and of this section.

(2) Subsections 237 (14), (15) and (19) apply as if:

   (a)  this section and those clauses were provisions of section 237;

   (b)  a reference in those subsections to a company were a reference to the
        target company; and
(c) paragraph (a) of the definition of "prescribed office" in subsection  237
(19) included a reference to an office of secretary or executive officer.

(3) An excluded benefit is a benefit:

   (a)  in relation to the giving of which subsection 237 (6) would apply; or

   (b)  that is a payment in relation to which paragraph (e) of the definition
of "exempt benefit" in subsection 237 (19) would apply; if a reference in
subsection 237 (6), or in that definition, as the case may be, to a company
were a reference to the target company.