Statute
Section 1224ZC — Corporations Act 2001: Member approval not needed for benefit specified in constitution
Text of the provision Official document
Despite subsection 200AB(1), for the purposes of Division 2 of Part 2D.2, a benefit does not include a payment made by the CCIV to its corporate director if: (a) the corporate director is entitled to the payment under provisions of the constitution; and (b) for a retail CCIV—the provisions comply with section 1224N.
Official source: Federal Register of Legislation
There are no decisions in our collection citing this provision yet. As new judgments are published, they will appear here.
Search case law on this topic
See judgments from Australian courts and tribunals with a plain-English summary and legal holding.
Explore case law →