CORPORATIONS ACT 2001 - SECT 206M Declaration by remuneration consultant

CORPORATIONS ACT 2001 - SECT 206M

  (1)   This section applies to a remuneration consultant who makes a remuneration recommendation in relation to one or more members of the key management personnel for a company that is a disclosing entity.

  (2)   The remuneration consultant must include with the recommendation a declaration about whether the consultant's recommendation is made free from undue influence by the member or members of the key management personnel to whom the recommendation relates.

Note:   Failure to comply with this subsection is an offence: see subsection   1311(1).

  (3)   An offence based on subsection   (2) is an offence of strict liability.

Note:   For strict liability, see section   6.1 of the Criminal Code .

Note:   This Chapter applies to a CCIV with modifications: see Division   5 of Part   8B.3.