Document ID: chunk:federal_register_of_legislation:C2025C00185:section:200e:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 200E (pt 2/2)
Character Range: 606965–607837

is to vote on the resolution; and
 (b) it is not cast on behalf of the retiree or an associate of the retiree.
 (2C) The regulations may prescribe cases where subsection (2A) does not apply.

Meeting may approve a lesser benefit
 (3) For the purposes of subsection (1B), the resolution may give approval by approving the giving of another benefit to the person if:
 (a) the other benefit is given to the person instead of the proposed benefit; and
 (b) the amount or money value of the benefit is less than the amount or money value of the proposed benefit.

Effect of approval on directors' duties
 (4) Member approval under this section does not relieve a director of a body corporate from any duty to the body corporate (whether under section 180, 181, 182, 183 or 184 or otherwise and whether of a fiduciary nature or not) in connection with the giving of the benefit.