1207D
In forceWhen a company is sufficiently influenced by an entity
Volume 4Chapter 3, Part 3.12A to Chapter 6, sections 1157A-1263, Schedule 1A
Chapter 3General provisions relating to payability and rates
Part 3.18Means test treatment of private companies and private trusts
Division 1Introduction
1207D When a company is sufficiently influenced by an entity
For the purposes of this Part, a company is sufficiently influenced by an entity or entities if the company, or its directors:
(a)
are accustomed or under an obligation (whether formal or informal); or
(b)
might reasonably be expected;
to act in accordance with the directions, instructions or wishes of the entity or entities.
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