Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 202B

Members may obtain information about directors' remuneration

 
 
(1)
A company must disclose the remuneration paid
to each director of the company or a subsidiary (if any) by the company or by
an entity controlled by the company if the company is directed to disclose the
information by: 
 
 

(a)
members with at least 5% of the votes that may be cast at a
general meeting of the company; or

(b)
at least 100 members who are entitled to vote at a general
meeting of the company. 

 
The company must disclose all remuneration paid to the
director, regardless of whether it is paid to the director in relation to
their capacity as director or another capacity.
 

(2)
The company must comply with the direction as soon as practicable
by: 
 
 
 
(a)
preparing a
statement of the remuneration of each director of the company or subsidiary
for the last financial year before the direction was given; and

(b)
having the statement audited; and

(c)
sending a copy of the audited statement to each person entitled
to receive notice of general meetings of the company.