Meaning of benefit
200AB Meaning of benefit
For the purposes of this Division, a benefit includes any of the following:
a payment or other valuable consideration;
any kind of real or personal property;
any legal or equitable estate or interest in real or personal property;
any legal or equitable right;
a thing specified in regulations made for the purposes of this paragraph.
For specification by class, see subsection 13(3) of the Legislation Act 2003.
However, for the purposes of this Division, a benefit does not include a thing specified in regulations made for the purposes of this subsection.
For specification by class, see subsection 13(3) of the Legislation Act 2003.
This provision refers to the regulations (specified in regulations
). Made under this Act:
- Corporations Regulations 2001 · under s 1364
102 more instruments made under this Act are listed on the Act’s overview.
This Act’s bill:Explanatory memorandumSecond reading speech
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