Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:1_200j
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 1 cl 200J
Character Range: 50170–50834

200J  Benefits to be held in trust for company

 (1) If giving a benefit to a person contravenes section 200B, then:
 (a) if the benefit is a payment—the amount of the payment; or
 (b) otherwise—the money value of the prescribed benefit;
is taken to be received by the person in trust for the company concerned.

 (2) Subsection (1) applies to the whole of the amount of a payment or of the money value of the benefit even though giving the benefit would not have contravened section 200B if that amount or value of the benefit had been less.

Part 2D.3—Appointment, remuneration and cessation of appointment of directors

Division 1—Appointment of directors