Document ID: chunk:federal_register_of_legislation:C2025C00185:section:209
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 209
Character Range: 688903–689843

209  Consequences of breach
 (1) If the public company or entity contravenes section 208:
 (a) the contravention does not affect the validity of any contract or transaction connected with the giving of the benefit; and
 (b) the public company or entity is not guilty of an offence.
Note: A Court may order an injunction to stop the company or entity giving the benefit to the related party (see section 1324).
 (2) A person contravenes this subsection if they are involved in a contravention of section 208 by a public company or entity.
Note 1: This subsection is a civil penalty provision.
Note 2: Section 79 defines involved.
Note 3: This section has an extended operation in relation to a retail CCIV: see section 1227A.
 (3) A person commits an offence if they are involved in a contravention of section 208 by a public company or entity and the involvement is dishonest.

Division 2—Exceptions to the requirement for member approval