Bankruptcy Act 1966

For the purposes of this Act, a natural person (in this section called the associate) is associated with another person if the other person:

holds property jointly with the associate; or

is a trustee of a trust under which the associate is capable of benefiting; or

can benefit under a trust of which the associate is a trustee; or

is employed, or is engaged under a contract for services, by the associate; or

acts as agent for the associate in any transaction or dealing; or

is a principal for whom the associate acts as an agent; or

is an attorney of the associate under a power of attorney; or

has appointed the associate as the other person’s attorney under a power of attorney; or

gives professional advice to the associate; or

is given professional advice by the associate.

A natural person (the associate) is also associated with another person if the associate has acquired or disposed of property as a result of dealing with the other person.

The circumstances set out in subsections (1) and (2) are the only circumstances in which a natural person is associated with another person for the purposes of this Act.