52ZR
CurrentWhen a company is sufficiently influenced by an entity
Volume 2Parts IIIB to VA, sections 46 to 93ZG
Part IIIBProvisions applying to service pension, income support supplement and veteran payment
Division 11AMeans test treatment of private companies and private trusts
Subdivision AIntroduction
52ZR When a company is sufficiently influenced by an entity
For the purposes of this Division, 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.
This Act’s bill:Second reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.