sec.155Disclosure of associate contract

### sec.155 Disclosure of associate contract This section applies if— the body corporate is a party to a contract; and the contract is for the supply of goods or services from a person (the provider ); and the provider is an associate of a relevant person; and the relevant person is aware of the matters mentioned in paragraphs (a) to (c) ; and to the knowledge of the relevant person, the body corporate has never been informed, or otherwise become aware, that the provider is an associate of the relevant person. The relevant person must, in the shortest practicable time after this section commences to apply, give written notice to the body corporate— identifying the contract; and disclosing the relationship between the relevant person and the provider. Maximum penalty—20 penalty units. (sec.155-ssec.1) This section applies if— the body corporate is a party to a contract; and the contract is for the supply of goods or services from a person (the provider ); and the provider is an associate of a relevant person; and the relevant person is aware of the matters mentioned in paragraphs (a) to (c) ; and to the knowledge of the relevant person, the body corporate has never been informed, or otherwise become aware, that the provider is an associate of the relevant person. (sec.155-ssec.2) The relevant person must, in the shortest practicable time after this section commences to apply, give written notice to the body corporate— identifying the contract; and disclosing the relationship between the relevant person and the provider. Maximum penalty—20 penalty units. - (a) the body corporate is a party to a contract; and - (b) the contract is for the supply of goods or services from a person (the provider ); and - (c) the provider is an associate of a relevant person; and - (d) the relevant person is aware of the matters mentioned in paragraphs (a) to (c) ; and - (e) to the knowledge of the relevant person, the body corporate has never been informed, or otherwise become aware, that the provider is an associate of the relevant person. - (a) identifying the contract; and - (b) disclosing the relationship between the relevant person and the provider.