70Designated associates

70 Designated associates

(1) For the purposes of this Act, each of the following is a designated associate of a person: (a) if the person is a body corporate—a director, officer or employee of the body corporate; (b) if the person is not a body corporate—an employee of the person. (2) For the purposes of this Act, each of the following is a designated associate of a partnership: (a) if a partner is an individual—the individual; (b) if a partner is a body corporate: (i) the body corporate; (ii) a director or officer of the body corporate; (c) an employee of the partnership.