1A
CurrentPayments by corporate collective investment vehicle to corporate director
Schedule 2NSW specific provisions
Part 1Introduction
1A Payments by corporate collective investment vehicle to corporate director
(1)
Wages do not include amounts paid or payable by a CCIV to its corporate director.
(2)
In this clause—
CCIV means a corporate collective investment vehicle within the meaning of the Corporations Act 2001 of the Commonwealth.
corporate director, of a CCIV, means the public company that is the director of the CCIV.
This Act’s bill:Explanatory memorandumSecond reading speech
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