Section 885A — Corporations Act 2001: Purpose of this Subdivision

(1) This Subdivision applies for the purpose of determining, for the purposes of a provision of this Division: (a) whether: (i) proposed compensation arrangements are adequate; or (ii) compensation arrangements as proposed to be changed are adequate; or (b) whether compensation arrangements that have been approved are adequate. (2) A reference in this Subdivision to the arrangements is a reference to the proposed arrangements, the arrangements as proposed to be changed, or the arrangements that have been approved, as the case requires. (3) A reference in this Subdivision to the compensation rules is a reference to the compensation rules, or the proposed compensation rules, forming part of the arrangements under consideration.