Corporations Act 2001

One entity (the associate) is an associated entity of another entity (the principal) if subsection (2), (3), (4), (5), (6) or (7) is satisfied.

This subsection is satisfied if the associate and the principal are related bodies corporate.

This subsection is satisfied if the principal controls the associate.

This subsection is satisfied if:

the associate controls the principal; and

the operations, resources or affairs of the principal are material to the associate.

This subsection is satisfied if:

the associate has a qualifying investment (see subsection (8)) in the principal; and

the associate has significant influence over the principal; and

the interest is material to the associate.

This subsection is satisfied if:

the principal has a qualifying investment (see subsection (8)) in the associate; and

the principal has significant influence over the associate; and

the interest is material to the principal.

This subsection is satisfied if:

an entity (the third entity) controls both the principal and the associate; and

the operations, resources or affairs of the principal and the associate are both material to the third entity.

For the purposes of this section, one entity (the first entity) has a qualifying investment in another entity (the second entity) if the first entity:

has an asset that is an investment in the second entity; or

has an asset that is the beneficial interest in an investment in the second entity and has control over that asset.