Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 1252

(1)

For the purposes of this Division, a person is connected with a body corporate (in this subsection called the relevant body corporate) if the person is a natural person and:

(a)

is an officer of the relevant body corporate or of a related body corporate;

(b)

has a substantial holding in the relevant body corporate or in a related body corporate; or

(c)

occupies a position that may reasonably be expected to give the person access to information of a kind referred to in subsection 1253(1) or (2) by virtue of:

(i)

any professional or business relationship existing between the person (or the person's employer or a body corporate of which the person is an officer) and the relevant body corporate or a related body corporate; or

(ii)

the person being an officer of a body corporate that has a substantial holding in the relevant body corporate or in a related body corporate.

(2)

For the purposes of subsection (1), officer, in relation to a body corporate, includes:

(a)

a director, secretary, executive officer or employee of the body corporate;

(b)

a receiver, or a receiver and manager, of property of the body corporate;

(c)

an administrator of the body corporate;

(ca)

an administrator of a deed of company arrangement executed by the body corporate;

(d)

a liquidator of the body corporate; and

(e)

a trustee or other person administering a compromise or arrangement made between the body corporate and another person or other persons.