Section 202B — Corporations Act 2001 (Cth)

(1) A company must disclose the remuneration paid to each director of the company or a subsidiary (if any) by the company or by an entity controlled by the company if the company is directed to disclose the information by:

(a) members with at least 5% of the votes that may be cast at a general meeting of the company; or

(b) at least 100 members who are entitled to vote at a general meeting of the company.

The company must disclose all remuneration paid to the director, regardless of whether it is paid to the director in relation to their capacity as director or another capacity.

(1A) An offence based on subsection (1) is an offence of strict liability.

Note: For strict liability, see section 6.1 of the Criminal Code.

(2) The company must comply with the direction as soon as practicable by:

(a) preparing a statement of the remuneration of each director of the company or subsidiary for the last financial year before the direction was given; and

(b) having the statement audited; and

(c) sending a copy of the audited statement to each person entitled to receive notice of general meetings of the company.

Related sections

• s 201T — Declaration by court of substantial compliance
• s 201U — Consequences of setting board limit in breach of section 201P
• s 202A — Remuneration of directors (replaceable rule—see section 135)
• s 202C — Special rule for single director/single shareholder proprietary companies
• s 203A — Director may resign by giving written notice to company (replaceable rule—see section 135)
• s 203AA — Resignation of directors—when resignation takes effect

Research how courts apply s 202B

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.