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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