Section 885A — Corporations Act 2001 (Cth)

(1) This Subdivision applies for the purpose of determining, for the purposes of a provision of this Division:

(a) whether:

(i) proposed compensation arrangements are adequate; or

(ii) compensation arrangements as proposed to be changed are adequate; or

(b) whether compensation arrangements that have been approved are adequate.

(2) A reference in this Subdivision to the arrangements is a reference to the proposed arrangements, the arrangements as proposed to be changed, or the arrangements that have been approved, as the case requires.

(3) A reference in this Subdivision to the compensation rules is a reference to the compensation rules, or the proposed compensation rules, forming part of the arrangements under consideration.

Related sections

• s 884A — Division 3 arrangements must generally only be changed in accordance with this Subdivision
• s 884B — Changing Division 3 arrangements—matters required to be dealt with in the compensation rules
• s 884C — Changing Division 3 arrangements—matters not required to be dealt with in the compensation rules
• s 885B — Requirements to be complied with for arrangements to be adequate
• s 885C — The losses to be covered
• s 885D — Certain losses that are not Division 3 losses

Research how courts apply s 885A

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