Section 1224ZC — Corporations Act 2001 (Cth)

Member approval not needed for benefit specified in constitution

Despite subsection 200AB(1), for the purposes of Division 2 of Part 2D.2, a benefit does not include a payment made by the CCIV to its corporate director if:

(a) the corporate director is entitled to the payment under provisions of the constitution; and

(b) for a retail CCIV—the provisions comply with section 1224N.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 1224Z — Former corporate director to hand over books and provide reasonable assistance
s 1224ZA — Rights, obligations and liabilities of former corporate director
s 1224ZB — Effect of change of corporate director on documents etc. to which former corporate director is party
s 1224ZD — Modified member approval for CCIVs
s 1224ZE — Benefits paid to corporate director not covered by exemptions
s 1225 — Retail CCIV—duties owed by officers of corporate director

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