approval A person must not give a benefit to a person who:
- (a)
- holds, or has
at any previous time held, a board or managerial office in a company or a
related body corporate; or
- (b)
- is the spouse of a person referred to in paragraph (a); or
- (c)
- is a relative of a person referred to in paragraph (a) or of the
spouse of such a person; or
- (d)
- is an associate of a person referred to in paragraph (a) or the
spouse of an associate of such a person;
in connection with the transfer of the whole or any part of the undertaking or
property of the company without member approval under section 200E.
- Note: Section 9 defines board or managerial office .
Commonwealth Numbered Acts