Commonwealth Numbered Acts

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Benefits on transfer of undertaking or property need membership approval

A person must not give a benefit to a person who:

holds, or has at any previous time held, a board or managerial office in a company or a related body corporate; or

is the spouse of a person referred to in paragraph (a); or

is a relative of a person referred to in paragraph (a) or of the spouse of such a person; or

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 .

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