Australian Capital Territory Current Acts

ELECTORAL ACT 1992 - SECT 222D

    (1)     In this division:

"close associate", of a property developer, means any of the following:

        (a)     a related body corporate;

        (b)     an officer of the corporation or a related body corporate;

        (c)     a person whose voting power in the corporation or a related body corporate is more than 20%;

        (d)     any domestic partner of a person mentioned in paragraph (b) or (c);

        (e)     if the corporation or a related body corporate is a stapled entity in relation to a stapled security—the other stapled entity in relation to the stapled security;

        (f)     if the corporation is a trustee, manager or responsible entity in relation to a trust—

              (i)     for a unit trust—a person who holds more than 20% of the units in the trust; or

              (ii)     for a discretionary trust—a person who is a beneficiary of the trust;

        (g)     any other person or body prescribed by regulation.

Note     Power to make a regulation includes power to make different provision in relation to different matters or different classes of matters, and to make a regulation that applies differently by reference to stated exceptions or factors (see Legislation Act

, s 48).

    (2)     In this section:

"officer"—see the Corporations Act

, section 9.

"stapled entity"—

        (a)     means an entity the interests in which are traded along with the interests of another entity as a stapled security; and

        (b)     for a stapled entity that is a trust—includes any trustee, manager or responsible entity for the trust.

"voting power"—see the Corporations Act

, section 9.