(1) A person is an associate of another person if:
(a) one is a spouse, de facto partner, parent, brother, sister or child of the other; or
(b) they are members of the same household; or
(c) they are partners in a partnership; or
(d) they are both trustees or beneficiaries of the same trust, or one is a trustee and the other is a beneficiary of the same trust; or
(e) one is a body corporate and the other is a director or member of the governing body of the body corporate; or
(f) one is a body corporate (other than a public company whose shares are listed on a stock exchange) and the other is a shareholder in the body corporate; or
(g) they are related bodies corporate within the meaning of the Corporations Act 2001; or
(h) a chain of relationships can be traced between them under any one or more of the above paragraphs.
(2) For subsection (1), a beneficiary of a trust includes an object of a discretionary trust.