Commonwealth Consolidated Acts

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Associated entities: natural persons

  (1)   For the purposes of this Act, a natural person (in this section called the associate ) is associated with another person if the other person:

  (a)   holds property jointly with the associate; or

  (b)   is a trustee of a trust under which the associate is capable of benefiting; or

  (ba)   can benefit under a trust of which the associate is a trustee; or

  (c)   is employed, or is engaged under a contract for services, by the associate; or

  (d)   acts as agent for the associate in any transaction or dealing; or

  (da)   is a principal for whom the associate acts as an agent; or

  (e)   is an attorney of the associate under a power of attorney; or

  (f)   has appointed the associate as the other person's attorney under a power of attorney; or

  (g)   gives professional advice to the associate; or

  (h)   is given professional advice by the associate.

  (2)   A natural person (the associate ) is also associated with another person if the associate has acquired or disposed of property as a result of dealing with the other person.

  (3)   The circumstances set out in subsections   (1) and (2) are the only circumstances in which a natural person is associated with another person for the purposes of this Act.

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