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.
Sourced from the Federal Register of Legislation at 26 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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