Electricity Generator Assets (Authorised Transactions) Act 2012

For the purposes of this Schedule, the following persons are, subject to subclause (3), associates of a person—

a relative of the person,

a partner of the person,

a company of which the person is an officer,

if the person is a company—an officer of the company,

an employee or employer of the person,

an officer of a company of which the person is an officer,

an employee of an individual of whom the person is an employee,

the trustee of a discretionary trust where the person or another person who is an associate of the person by virtue of another paragraph of this subclause benefits, or is capable (whether by the exercise of a power of appointment or otherwise) of benefiting, under the trust, either directly or through any interposed companies, partnerships or trusts,

a company whose directors are accustomed or under an obligation, whether formal or informal, to act in accordance with the directions, instructions or wishes of the person,

a company where the person is accustomed or under an obligation, whether formal or informal, to act in accordance with the directions, instructions or wishes of the company,

a company in which the person has, apart from this paragraph, a particular type of stake of not less than 15 percent,

if the person is a company—a person who holds, apart from this paragraph, a particular type of stake in the company of not less than 15 percent,

a person who is, because of this subclause, an associate of any other person who is an associate of the person (including a person who is an associate of the person by any other application or applications of this paragraph).

If a person (the first person) enters, or proposes to enter, into an arrangement with another person (the second person) that relates to any of the following matters—

the first person and the second person being in a position, by acting together, to control any of the voting power in a company,

the power of the first person and the second person, by acting together, to appoint or remove a director of a company,

the situation where one or more of the directors of a company are accustomed or under an obligation, whether formal or informal, to act in accordance with the directions, instructions or wishes of the first person and the second person acting together,

The regulations may provide that, for the purposes of this Schedule, a specified person (or class of persons) is not an associate of another specified person (or class of persons).