Statute
Section 215 — Corporations Act 2001: Benefits to members that do not discriminate unfairly
Text of the provision Official document
Member approval is not needed to give a financial benefit if: (a) the benefit is given to the related party in their capacity as a member of the public company; and (b) giving the benefit does not discriminate unfairly against the other members of the public company.
Official source: Federal Register of Legislation
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