Section 260E — Corporations Act 2001 (Cth)

General duties still apply

A director is not relieved from any of their duties under this Act (including sections 180, 181, 182, 183 and 184), or their fiduciary duties, in connection with a transaction merely because the transaction is authorised by a provision of this Chapter or is approved by a resolution of members under a provision of this Chapter.

Corporations Act 2001

No. 50, 2001

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 260C — Exempted financial assistance
s 260D — Consequences of failing to comply with section 260A
s 260DA — Application of this Part to MCI mutual entities
s 283AA — Requirement for trust deed and trustee
s 283AB — Trust deed
s 283AC — Who can be a trustee

Research how courts apply s 260E

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

Try BriefBridge free