200
In forceInterpreting this Division
Volume 1Chapter 1, Part 1.1 to Chapter 2J, Part 2J.4 sections 1 to 260E
Chapter 2DOfficers and employees
Part 2D.2Restrictions on indemnities, insurance and termination payments
Division 2Termination payments
200 Interpreting this Division
For the purposes of this Division, in determining whether a benefit is given:
(a)
give a broad interpretation to benefits being given, even if criminal or civil penalties may be involved; and
(b)
the economic and commercial substance of conduct is to prevail over its legal form.
This Act’s bill:Explanatory memorandumSecond reading speech
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