5CAssociated entities: natural persons

5C  Associated entities: natural persons  (1) For the purposes of this Act, a natural person (in this section called the associate) is associated with another person if the other person:  (a) holds property jointly with the associate; or  (b) is a trustee of a trust under which the associate is capable of benefiting; or  (ba) can benefit under a trust of which the associate is a trustee; or  (c) is employed, or is engaged under a contract for services, by the associate; or  (d) acts as agent for the associate in any transaction or dealing; or  (da) is a principal for whom the associate acts as an agent; or  (e) is an attorney of the associate under a power of attorney; or  (f) has appointed the associate as the other person’s attorney under a power of attorney; or  (g) gives professional advice to the associate; or  (h) is given professional advice by the associate.  (2) A natural person (the associate) is also associated with another person if the associate has acquired or disposed of property as a result of dealing with the other person.  (3) The circumstances set out in subsections (1) and (2) are the only circumstances in which a natural person is associated with another person for the purposes of this Act.