(1) A person is an
associate of another person if —
(a) the
person is a family member (within the meaning given in section 100) of the
other person; or
(b) the
person and the other person are related persons under section 162(1)(c) to
(g); or
(c) the
person and the other person are partners in the same partnership.
(2) If a beneficiary
of a trust, other than a unit trust scheme or a discretionary trust, is an
associate under subsection (1) of a person, a trustee of the trust is also an
associate of that person.
[Section 205B inserted: No. 24 of 2018 s. 8.]