Document ID: chunk:federal_register_of_legislation:C2010C00237:clause:3_49
Version: federal_register_of_legislation:C2010C00237
Segment Type: clause
Provision Reference: sch 3 cl 49
Character Range: 58565–59105

49  Related party benefits

(1) Part 6‑6 of the new Act does not apply in relation to a transitional corporation in relation to a financial benefit if:
 (a) the corporation, or an entity that the corporation controls, is required to give a financial benefit under a contract; and
 (b) the contract was made before commencement; and
 (c) the provisions of the contract dealing with the requirement, or with related matters, have not been modified after commencement.

(2) In subitem (1):
contract includes deed.

Division 9—Record keeping