Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 885A

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.



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