Commonwealth Consolidated Acts

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BANKRUPTCY ACT 1966 - SECT 5D

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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