Commonwealth Consolidated Acts

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Associated entities: partnerships

    For the purposes of this Act, a partnership is associated with a person if, and only if, the person:

  (a)   is a partner in the partnership;

  (b)   is able to control, or to influence materially, the partnership's activities or internal affairs;

  (c)   is financially interested in the partnership's success or failure or apparent success or failure;

  (d)   is a creditor of the partnership;

  (e)   is employed, or is engaged under a contract for services, by the partnership;

  (f)   acts as agent for the partnership in any transaction or dealing; or

  (g)   gives professional advice to the partnership.

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