Community Land Management Regulation 2021

A person that is a corporation (the principal person) is connected with another person if the other person—

is a related body corporate or an associated entity of the principal person, or

holds an executive position in a related body corporate or an associated entity of the principal person, or

holds or will hold a relevant financial interest in the principal person and, because of that interest, is or will be able to exercise significant influence over or in relation to the management or operation of the principal person, or

is or will be—

entitled to exercise a relevant power, whether in the person’s own right or on behalf of another person, in the business of the principal person, and

because of that power—able to exercise significant influence over or in relation to the management or operation of the principal person.

A person (the principal person) is connected with another person if the other person is—

the trustee of a trust of which the principal person is a beneficiary, or

one or more of the following in relation to a trust of which the principal person is, or has at any time been, a trustee—

a beneficiary,

a child, spouse or de facto partner of a beneficiary.

In this section—

shares in the capital of the principal person, or

an entitlement, whether arising at law, in equity or otherwise, to receive—

income derived from a business carried on by the principal person, or

another financial benefit or financial advantage from the carrying on of the business.

by voting or otherwise, and

alone or in association with other powers.