(1) Member approval is not needed to give a financial benefit that is an amount of money for a director of the public company or their spouse or de facto spouse if the amount does not exceed $2,000 or a greater amount as prescribed by the regulations. (2) In working out the amount given:

(a)

add in all amounts previously given by the public company and any entities controlled by the public company to:

(i)

the director; or

(ii)

their spouse; or

(iii)

their de facto spouse; and

(b)

disregard:

(i)

amounts that have been repaid; and

(ii)

amounts that fall under any other exception in this Part.