Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1224ZC

    Despite subsection   200AB(1), for the purposes of Division   2 of Part   2D.2, a benefit does not include a payment made by the CCIV to its corporate director if:

  (a)   the corporate director is entitled to the payment under provisions of the constitution; and

  (b)   for a retail CCIV--the provisions comply with section   1224N.