(1) For the purposes of this Act, each of the following is a designated associate of a person:
(a) if the person is a body corporate—a director, officer or employee of the body corporate;
(b) if the person is not a body corporate—an employee of the person.
(2) For the purposes of this Act, each of the following is a designated associate of a partnership:
(a) if a partner is an individual—the individual;
(b) if a partner is a body corporate:
(i) the body corporate;
(ii) a director or officer of the body corporate;
(c) an employee of the partnership.