Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 200AB

Meaning of benefit

  (1)   For the purposes of this Division, a benefit includes any of the following:

  (a)   a payment or other valuable consideration;

  (b)   any kind of real or personal property;

  (c)   any legal or equitable estate or interest in real or personal property;

  (d)   any legal or equitable right;

  (e)   a thing specified in regulations made for the purposes of this paragraph.

Note:   For specification by class, see subsection   13(3) of the Legislation Act 2003 .

  (2)   However, for the purposes of this Division, a benefit does not include a thing specified in regulations made for the purposes of this subsection.

Note:   For specification by class, see subsection   13(3) of the Legislation Act 2003 .


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