sec.214EAssociates

sec.214E Associates

For this Act, a person is associated with someone else if— a relationship of a type to which this section applies exists between them; or a series of relationships of a type to which this section applies can be traced between them through another person or other persons. This section applies to relationships of the following types— marriage or de facto partnership; the relationship of ascendant and descendant (including the relationship of parent and child) or the relationship of persons who have a parent or grandparent in common; business partnership; the relationship of employer and employee; a fiduciary relationship; the relationship of persons, one of whom is accustomed, or under an obligation (whether formal or informal), to act in accordance with the directions, instructions or wishes of the other; the relationship of a corporation and executive officer of the corporation; the relationship of a corporation and a person who is in a position to control or substantially influence the corporation’s conduct. Despite subsection (2) (e) and (f) , the owner of a community development lot, precinct development lot or a lot on a building units or group titles plan and a letting agent are not associated merely because of their relationship as owner and letting agent. In this section— executive officer , of a corporation, means a person who is concerned with, or takes part in, the corporation’s management, whether or not the person is a director or the person’s position is given the name of executive officer. s 214E ins 2011 No. 27 s 310 (sec.214E-ssec.1) For this Act, a person is associated with someone else if— a relationship of a type to which this section applies exists between them; or a series of relationships of a type to which this section applies can be traced between them through another person or other persons. (sec.214E-ssec.2) This section applies to relationships of the following types— marriage or de facto partnership; the relationship of ascendant and descendant (including the relationship of parent and child) or the relationship of persons who have a parent or grandparent in common; business partnership; the relationship of employer and employee; a fiduciary relationship; the relationship of persons, one of whom is accustomed, or under an obligation (whether formal or informal), to act in accordance with the directions, instructions or wishes of the other; the relationship of a corporation and executive officer of the corporation; the relationship of a corporation and a person who is in a position to control or substantially influence the corporation’s conduct. (sec.214E-ssec.3) Despite subsection (2) (e) and (f) , the owner of a community development lot, precinct development lot or a lot on a building units or group titles plan and a letting agent are not associated merely because of their relationship as owner and letting agent. (sec.214E-ssec.4) In this section— executive officer , of a corporation, means a person who is concerned with, or takes part in, the corporation’s management, whether or not the person is a director or the person’s position is given the name of executive officer.