Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 210

Arm's length terms

                   Member approval is not needed to give a financial benefit on terms that:

                     (a)  would be reasonable in the circumstances if the public company or entity and the related party were dealing at arm's length; or

                     (b)  are less favourable to the related party than the terms referred to in paragraph (a).



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