Consideration resumed from 27 October.

Senate’s amendment—

(1)    Schedule 1, page 10 (after line 27), after item 32, insert:

32A  At the end of section 200F

Add:

Certain exceptions cease to operate

        (6)    Subsections 200F(2), (3) and (4) cease to have effect 36 months after the commencement of Part 1 of Schedule 1 of the Corporations Amendment (Improving Accountability on Termination Payments) Act 2009, unless their operation is continued or varied by a subsequent Act of Parliament.

Note:   Subsections 200F(2), (3) and (4) provide exceptions to the member approval requirement for benefits that do not exceed one year’s base salary.

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