CORPORATIONS LAW- SECT 210 Arm's length terms

Commonwealth Repealed Acts

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This legislation has been repealed.

CORPORATIONS LAW- SECT 210

Arm's length terms

 
Member approval is not needed to give a financial benefit on terms that:
 
  (a)
would be reasonable
in the circumstances if the public company or entity and the related party
were dealing at arm's length; or

(b)
are less favourable to the related party than the terms referred
to in paragraph (a).

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