Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 200C

Benefits on transfer of undertaking or property need membership approval

 

A person must not give a benefit to a person who: 
 
 
 
(a)
holds, or has at any previous time held, a
board or managerial office in a company or a related body corporate;
or

(b)
is the spouse of a person referred to in paragraph (a);
or

(c)
is a relative of a person referred to in paragraph (a) or of the
spouse of such a person; or

(d)
is an associate of a person referred to in paragraph (a) or the
spouse of an associate of such a person; 

 
in connection with the transfer of the whole or any part of the
undertaking or property of the company without member approval under
section 200E.
 
 Note: Section 9 defines
board or managerial office.