68Associates

68 Associates (1) An associate of a general partner includes any of the following: (a) anyone who has an interest in the general partner; (b) anyone to whom the general partner has delegated a power or function in relation to a partnership in which the general partner is a general partner; (c) if the general partner or a person covered by paragraph (a) or (b) is a corporation – a related body corporate of the corporation; (d) a director, officer, employee, agent, representative or security holder of the general partner or of a person covered by paragraph (a), (b) or (c). (2) An associate of a limited partner includes any of the following: (a) anyone who has an interest in the limited partner; (b) if the limited partner or a person covered by paragraph (a) is a corporation – a related body corporate of that corporation; Part 3 Incorporated limited partnerships Division 3 Powers and liabilities of partnership Partnership Act 1997 35 (c) a director, officer, employee, agent, representative or security holder of the limited partner or a person covered by paragraph (a), or (b). (3) An associate of an incorporated limited partnership includes: (a) an entity in which the partnership has an interest; and (b) a related body corporate of that entity. (4) In this section: interest, in a partner or partnership, includes an interest as a security holder, trustee, responsible entity, manager, custodian, subcustodian, nominee, administrator, executor or legal personal representative. partner, includes, if that partner is another partnership, a partner in that other partnership. related body corporate has the same meaning as in section 9 of the Corporations Act 2001. securities has the same meaning as in section 92(3) of the Corporations Act 2001. security holder, in relation to a body, includes a holder of securities in or of the body.