问答题
In relation to management and administration:
问答题
(a) Define a ‘transaction in which there is an interest’ and set out the criteria that determine whether a party is deemed to be an interested party. (6 marks)
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问答题
(b) Explain how a transaction in which there is an interest is approved. (2 marks)
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问答题
(c) Explain the consequences of a violation of the procedures required to approve a transaction in which there is an interest. (2 marks)
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