sec.10AWho is a related entity

### sec.10A Who is a related entity A person is a related entity for another person if— for individuals—they are members of the same family; or for an individual and a corporation—the individual or a member of the individual’s family— is a majority shareholder, director or secretary of the corporation or a related body corporate of the corporation; or has an interest of 50% or more in the corporation; or for an individual and a trustee of a trust—the individual or a related entity under another provision of this section is a beneficiary of the trust; or for corporations—they are related bodies corporate; or for a corporation and a trustee of a trust—the corporation or a related entity under another provision of this section is a beneficiary of the trust; or for trustees of 2 or more trusts— a person is a beneficiary of both trusts; or a person is a beneficiary of 1 trust and a related entity under another provision of this section is a beneficiary of the other trust. Also, a person is a related entity for another person if the persons acquire interests in a land holding trust and the acquisitions form, evidence, give effect to or arise from what is substantially 1 arrangement. In this section— family , for a person, means— the person’s spouse; or a parent of the person or the person’s spouse; or a grandparent of the person or the person’s spouse; or a brother, sister, aunt, uncle, nephew or niece of the person or the person’s spouse; or a child of the person or the person’s spouse; or a grandchild of the person or the person’s spouse; or the spouse of any person mentioned in paragraphs (b) to (f) . land holding trust see the Duties Act 2001 , schedule 6 . related bodies corporate means bodies corporate that are related under the Corporations Act , section 50 . s 10A ins 2018 No. 17 s 176E sub 2020 No. 24 s 63 (sec.10A-ssec.1) A person is a related entity for another person if— for individuals—they are members of the same family; or for an individual and a corporation—the individual or a member of the individual’s family— is a majority shareholder, director or secretary of the corporation or a related body corporate of the corporation; or has an interest of 50% or more in the corporation; or for an individual and a trustee of a trust—the individual or a related entity under another provision of this section is a beneficiary of the trust; or for corporations—they are related bodies corporate; or for a corporation and a trustee of a trust—the corporation or a related entity under another provision of this section is a beneficiary of the trust; or for trustees of 2 or more trusts— a person is a beneficiary of both trusts; or a person is a beneficiary of 1 trust and a related entity under another provision of this section is a beneficiary of the other trust. (sec.10A-ssec.2) Also, a person is a related entity for another person if the persons acquire interests in a land holding trust and the acquisitions form, evidence, give effect to or arise from what is substantially 1 arrangement. (sec.10A-ssec.3) In this section— family , for a person, means— the person’s spouse; or a parent of the person or the person’s spouse; or a grandparent of the person or the person’s spouse; or a brother, sister, aunt, uncle, nephew or niece of the person or the person’s spouse; or a child of the person or the person’s spouse; or a grandchild of the person or the person’s spouse; or the spouse of any person mentioned in paragraphs (b) to (f) . land holding trust see the Duties Act 2001 , schedule 6 . related bodies corporate means bodies corporate that are related under the Corporations Act , section 50 . - (a) for individuals—they are members of the same family; or - (b) for an individual and a corporation—the individual or a member of the individual’s family— (i) is a majority shareholder, director or secretary of the corporation or a related body corporate of the corporation; or (ii) has an interest of 50% or more in the corporation; or - (i) is a majority shareholder, director or secretary of the corporation or a related body corporate of the corporation; or - (ii) has an interest of 50% or more in the corporation; or - (c) for an individual and a trustee of a trust—the individual or a related entity under another provision of this section is a beneficiary of the trust; or - (d) for corporations—they are related bodies corporate; or - (e) for a corporation and a trustee of a trust—the corporation or a related entity under another provision of this section is a beneficiary of the trust; or - (f) for trustees of 2 or more trusts— (i) a person is a beneficiary of both trusts; or (ii) a person is a beneficiary of 1 trust and a related entity under another provision of this section is a beneficiary of the other trust. - (i) a person is a beneficiary of both trusts; or - (ii) a person is a beneficiary of 1 trust and a related entity under another provision of this section is a beneficiary of the other trust. - (i) is a majority shareholder, director or secretary of the corporation or a related body corporate of the corporation; or - (ii) has an interest of 50% or more in the corporation; or - (i) a person is a beneficiary of both trusts; or - (ii) a person is a beneficiary of 1 trust and a related entity under another provision of this section is a beneficiary of the other trust. - (a) the person’s spouse; or - (b) a parent of the person or the person’s spouse; or - (c) a grandparent of the person or the person’s spouse; or - (d) a brother, sister, aunt, uncle, nephew or niece of the person or the person’s spouse; or - (e) a child of the person or the person’s spouse; or - (f) a grandchild of the person or the person’s spouse; or - (g) the spouse of any person mentioned in paragraphs (b) to (f) .