COMPETITION AND CONSUMER ACT 2010 - SECT 153D Meaning of connected body corporate in relation to prohibited conduct

COMPETITION AND CONSUMER ACT 2010 - SECT 153D

  (1)   A corporation is a connected body corporate in relation to prohibited conduct engaged in by the corporation.

  (2)   A body corporate is a connected body corporate in relation to prohibited conduct engaged in by a corporation if:

  (a)   the body corporate is related to the corporation; and

  (b)   any of the following conditions are satisfied:

  (i)   the prohibited conduct involves the direct or indirect use of assets held by the body corporate;

  (ii)   the prohibited conduct involves direct or indirect dealings between the body corporate and the corporation.

  (3)   A body corporate is a connected body corporate in relation to prohibited conduct if:

  (a)   the body corporate is a holding company of another body corporate; and

  (b)   the other body corporate is a connected body corporate in relation to the prohibited conduct because of a previous operation of this section.