Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1224ZC

Member approval not needed for benefit specified in constitution

                   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.



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