4Interpretation—meaning of “associate”

#### 4 Interpretation—meaning of “associate” 4 Interpretation—meaning of “associate” > > (1) This section applies for the purposes of this Act other than section 103 (Financial accommodation to directors and associates). > > > (2) A person is an associate of another, or is associated with another, if— > > > > > (a) they are partners, or > > > > > (b) one is a spouse, de facto partner, parent or child of the other, or > > > > > (c) they are both trustees or beneficiaries of the same trust, or one is a trustee and the other is a beneficiary of the same trust, or > > > > > (d) one is a body corporate or other entity (whether inside or outside Australia) and the other is a director or member of the governing body of the body or entity, or > > > > > (e) one is a body corporate or other entity (whether inside or outside Australia) and the other is a person who has a legal or equitable interest in 5% or more of the share capital of the body or entity, or > > > > > (f) they are related bodies corporate, or > > > > > (g) a relationship of a prescribed kind exists between them, or > > > > > (h) a chain of relationships can be traced between them under any one or more of the above paragraphs. > > > > Note. > > > > “De facto partner” is defined in section 21C of the [Interpretation Act 1987](/view/html/inforce/current/act-1987-015). > > **s 4:** Am 2008 No 23, Sch 3.14 \[2\]; 2010 No 19, Sch 3.24 \[2\].