Meaning of connected body corporate in relation to prohibited conduct
(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.
Sourced from the Federal Register of Legislation at 22 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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