New South Wales Consolidated Acts

CO-OPERATIVE HOUSING AND STARR-BOWKETT SOCIETIES ACT 1998 - SECT 4

4 Interpretation-meaning of “associate”

(1) This section applies for the purposes of this Act other than section 103 (Financial accommodation to directors and associates).

(2) A person is an "associate" of another, or is associated with another, if:

(a) they are partners, or

(b) one is a spouse, de facto partner, parent or child of the other, or

(c) they are both trustees or beneficiaries of the same trust, or one is a trustee and the other is a beneficiary of the same trust, or

(d) one is a body corporate or other entity (whether inside or outside Australia) and the other is a director or member of the governing body of the body or entity, or

(e) one is a body corporate or other entity (whether inside or outside Australia) and the other is a person who has a legal or equitable interest in 5% or more of the share capital of the body or entity, or

(f) they are related bodies corporate, or

(g) a relationship of a prescribed kind exists between them, or

(h) a chain of relationships can be traced between them under any one or more of the above paragraphs.