Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 12

12. (1) If the associate reference relates to:

   (a)  the extent of a power to exercise, or to control the exercise of, the
        voting power attached to voting shares in a body corporate;

   (b)  the primary person's entitlement, within the meaning of Chapter 6, to
        shares in a body corporate; or

   (c)  a takeover offer, takeover scheme, or takeover announcement, within
        the meaning of Chapter 6, relating to shares in a body corporate; it
        includes a reference to a person with whom the primary person has, or
        proposes to enter into, a relevant agreement:

   (d)  because of which one of those persons has or will have power (even if
        it is in any way qualified):

        (i)    to exercise;

        (ii)   to control, directly or indirectly, the exercise of; or

        (iii)  to influence substantially the exercise of;
any voting power attached to shares in the body;

   (e)  for the purpose of controlling or influencing:

        (i)    the composition of the body's board; or

        (ii)   the conduct of affairs of the body;

   (f)  under which one of those persons:

        (i)    will or may acquire; or

        (ii)   may be required by the other to acquire;
shares in the body in which the other has a relevant interest; or

   (g)  under which one of those persons may be required to dispose of shares
        in the body in accordance with the other's directions; whatever other
        effect the relevant agreement may have.

(2) In relation to a matter relating to shares in a body corporate, a person
may be an associate of the body and the body may be an associate of a person.