Disclosure of remuneration and other benefits
121 Disclosure of remuneration and other benefits
A scheme manager of a community corporation —
must inform the community corporation in writing of the amount or value of any remuneration or other benefit that the scheme manager receives, or has a reasonable expectation of receiving, (other than from the community corporation) in connection with the performance of the scheme manager’s functions; and
must do so as soon as is practicable after the scheme manager becomes aware of the relevant facts.
Subsection (1) does not apply to remuneration or any other benefit that is less than an amount or value specified in or calculated in accordance with the regulations.
This Act’s bill:Explanatory memorandumSecond reading speech
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