Associates of a licensee
91 Associates of a licensee
In this Part, a reference to a licensee’s associate is a reference to—
a partner of the licensee, or
an employee or agent of the licensee, or
a corporation, or a member of a corporation, partnership, syndicate or joint venture, in which the licensee or a person referred to in paragraph (a), (b) or (d) has a beneficial interest, or
a person who bears a prescribed relationship to the licensee or to a person referred to in paragraphs (a)–(c), or
a corporation that (if a person referred to in paragraphs (b)–(d) is a corporation) is a subsidiary of the person within the meaning of the Corporations Act, or
a person declared by the regulations to be an associate of the licensee or belonging to a class of persons so declared.
For the purposes of subsection (1) (d), a person bears a prescribed relationship to a licensee or other person if the relationship is that of—
a spouse, or
a de facto partner, or
a child, grandchild, sibling, parent or grandparent, whether derived through paragraph (a) or (b) or otherwise, or
a kind prescribed by the regulations for the purposes of this section.
Note.
“De facto partner” is defined in section 21C of the Interpretation Act 1987.
This provision refers to the regulations (declared by the regulations
, prescribed by the regulations
). Made under this Act:
This Act’s bill:Explanatory memorandumSecond reading speech
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