sec.9EDisclosure of remuneration and other benefits— Act , s 70D

sec.9E Disclosure of remuneration and other benefits— Act , s 70D

For section 70D (1) of the Act , the prescribed details are— the aggregated amount of remuneration paid and benefits given to all persons mentioned in section 70D (1) (a) , (b) or (c) of the Act ; and the number of persons mentioned in section 70D (1) (a) , (b) or (c) of the Act who were paid remuneration or given other benefits. For subsection (1) (a) , the remuneration and benefits include those stated in the Australian Accounting Standard AASB 124— Related Party Disclosures , section 9 , definition compensation . However, if a person mentioned in section 70D (1) (a) , (b) or (c) of the Act is given free or subsidised goods or services, whether the goods or services constitute sufficient value to be considered benefits for subsection (1) (a) or (b) depends on— the overall value of the good or services; and the reason the person was given the goods or services; and whether any other member of the association has received similar goods or services in similar circumstances. For section 70D (1) of the Act , the way prescribed is— in a document required to be presented under section 59B of the Act at the association’s annual general meeting; or in a separate written statement of remuneration paid or other benefits given for the financial year; or if no remuneration was paid or benefits were given for the financial year— in the way mentioned in paragraph (a) or (b) ; or the making of an oral statement to that effect that must be recorded in the minutes of the annual general meeting. s 9E ins 2023 SL No. 59 s 8 (sec.9E-ssec.1) For section 70D (1) of the Act , the prescribed details are— the aggregated amount of remuneration paid and benefits given to all persons mentioned in section 70D (1) (a) , (b) or (c) of the Act ; and the number of persons mentioned in section 70D (1) (a) , (b) or (c) of the Act who were paid remuneration or given other benefits. (sec.9E-ssec.2) For subsection (1) (a) , the remuneration and benefits include those stated in the Australian Accounting Standard AASB 124— Related Party Disclosures , section 9 , definition compensation . (sec.9E-ssec.3) However, if a person mentioned in section 70D (1) (a) , (b) or (c) of the Act is given free or subsidised goods or services, whether the goods or services constitute sufficient value to be considered benefits for subsection (1) (a) or (b) depends on— the overall value of the good or services; and the reason the person was given the goods or services; and whether any other member of the association has received similar goods or services in similar circumstances. (sec.9E-ssec.4) For section 70D (1) of the Act , the way prescribed is— in a document required to be presented under section 59B of the Act at the association’s annual general meeting; or in a separate written statement of remuneration paid or other benefits given for the financial year; or if no remuneration was paid or benefits were given for the financial year— in the way mentioned in paragraph (a) or (b) ; or the making of an oral statement to that effect that must be recorded in the minutes of the annual general meeting.