Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:1_200c
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 1 cl 200C
Character Range: 42571–43297

200C  Benefits on transfer of undertaking or property need membership approval

  A person must not give a benefit to a person who:
 (a) holds, or has at any previous time held, a board or managerial office in a company or a related body corporate; or
 (b) is the spouse of a person referred to in paragraph (a); or
 (c) is a relative of a person referred to in paragraph (a) or of the spouse of such a person; or
 (d) is an associate of a person referred to in paragraph (a) or the spouse of an associate of such a person;
in connection with the transfer of the whole or any part of the undertaking or property of the company without member approval under section 200E.

Note: Section 9 defines board or managerial office.