91Associates of a licensee

91 Associates of a licensee

91 Associates of a licensee

(1) In this Part, a reference to a licensee’s associate is a reference to—

(a) a partner of the licensee, or

(b) an employee or agent of the licensee, or

(c) a corporation, or a member of a corporation, partnership, syndicate or joint venture, in which the licensee or a person referred to in paragraph (a), (b) or (d) has a beneficial interest, or

(d) a person who bears a prescribed relationship to the licensee or to a person referred to in paragraphs (a)–(c), or

(e) a corporation that (if a person referred to in paragraphs (b)–(d) is a corporation) is a subsidiary of the person within the meaning of the Corporations Act, or

(f) a person declared by the regulations to be an associate of the licensee or belonging to a class of persons so declared.

(2) For the purposes of subsection (1) (d), a person bears a prescribed relationship to a licensee or other person if the relationship is that of—

(a) a spouse, or

(b) a de facto partner, or

(c) a child, grandchild, sibling, parent or grandparent, whether derived through paragraph (a) or (b) or otherwise, or

(d) a kind prescribed by the regulations for the purposes of this section.

Note.

“De facto partner” is defined in section 21C of the Interpretation Act 1987.

s 91: Am 2003 No 40, Sch 2.8; 2010 No 19, Sch 3.23 [1] [2].