Meaning of connected body corporate in relation to prohibited conduct
153D Meaning of connected body corporate in relation to prohibited conduct
A corporation is a connected body corporate in relation to prohibited conduct engaged in by the corporation.
A body corporate is a connected body corporate in relation to prohibited conduct engaged in by a corporation if:
the body corporate is related to the corporation; and
any of the following conditions are satisfied:
the prohibited conduct involves the direct or indirect use of assets held by the body corporate;
the prohibited conduct involves direct or indirect dealings between the body corporate and the corporation.
A body corporate is a connected body corporate in relation to prohibited conduct if:
the body corporate is a holding company of another body corporate; and
the other body corporate is a connected body corporate in relation to the prohibited conduct because of a previous operation of this section.
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