QLDIn ForceAct
Co-operatives National Law (Queensland)
sec.203Directors’ remuneration
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sec.203 Directors’ remuneration
A director of a co-operative must not receive remuneration for services as a director other than— fees, concessions and other benefits approved at a general meeting of the co-operative; and director’s travelling and other expenses that the director properly incurs— in attending meetings of the board of directors of the co-operative or any meetings of committees of directors of the co-operative; and in attending any general meetings of the co-operative. Maximum penalty—$24,000 or imprisonment for 2 years, or both.
- (a) fees, concessions and other benefits approved at a general meeting of the co-operative; and
- (b) director’s travelling and other expenses that the director properly incurs— (i) in attending meetings of the board of directors of the co-operative or any meetings of committees of directors of the co-operative; and (ii) in attending any general meetings of the co-operative.
- (i) in attending meetings of the board of directors of the co-operative or any meetings of committees of directors of the co-operative; and
- (ii) in attending any general meetings of the co-operative.
- (i) in attending meetings of the board of directors of the co-operative or any meetings of committees of directors of the co-operative; and
- (ii) in attending any general meetings of the co-operative.