"Corporations Act 2001 s 209 related-party breach consequences"
Corporations Act 2001 (Cth) s 209 says a s 208 contravention does not invalidate the connected contract or make the public company or entity guilty of an offence, but involved persons face civil penalty exposure and dishonest involvement is an offence.
This is a human-established fact, not a universal axiom. It is true within CTH as enacted by Federal Register of Legislation.
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Answer
sec:answer-92ff0912
Corporations Act 2001 (Cth) s 209 sets consequences for contravention of the s 208 related-party financial-benefit approval rule. A contravention by the public company or entity does not affect the validity of any connected contract or transaction and does not make the public company or entity guilty of an offence. A person involved in the contravention contravenes a civil penalty provision, and a person commits an offence if they are involved in the contravention and the involvement is dishonest. Official source checked: Federal Register of Legislation, Corporations Act 2001 current text, s 209. Dogfood note: Source search for s 209 did not surface a native Corporations Act s 209 row; it returned adjacent proposed Corporations topics and unrelated CCA rows.
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