26Payments to persons or to prescribed superannuation funds

## 26 Payments to persons or to prescribed superannuation funds (1) Subject to subclause (2), if during a financial period: (a) a company or an associate gave a prescribed benefit to a person, or to a prescribed superannuation fund, in connection with the retirement of a person from a prescribed office in relation to the company — the accounts of the company; or (b) an entity in an economic entity or an associate gave a prescribed benefit to a person, or to a prescribed superannuation fund, in connection with the retirement of a person from a prescribed office in relation to the company or a controlled entity — the consolidated accounts; must include a note stating particulars of that payment. (2) The particulars referred to in subclause (1): (a) must be particulars that have been disclosed to, and approved in a general meeting by, the members of the company or corporation, as the case may be, in accordance with subsection 237 (2) of the Corporations Law; and (b) may be given in summary form in the accounts or consolidated accounts, as the case may be, if the directors, having regard to the number of persons to whom those particulars would relate and the nature of those particulars, state in those accounts or consolidated accounts, as the case may be, that the provision of full particulars would be unreasonable. (3) An expression used in this clause has the same meaning as in section 237 of the Corporations Law.