CORPORATIONS ACT 2001 - SECT 210 Arm's length terms
CORPORATIONS ACT 2001 - SECT 210
Arm's length termsMember approval is not needed to give a financial benefit on terms that:
(a) would be reasonable in the circumstances if the public company or entity and the related party were dealing at arm's length; or
(b) are less favourable to the related party than the terms
referred to in paragraph (a).