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.
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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