70BPart 8 associates of individuals

70B Part 8 associates of individuals

For the purposes of this Part, each of the following is a Part 8 associate of an individual (the primary entity), whether or not the primary entity is in the capacity of trustee: (a) a relative of the primary entity; (b) if the primary entity is a member of a superannuation fund with no more than 6 members: (i) each other member of the fund; and (ii) if the fund is a single member self managed superannuation fund whose trustee is a company—each director of that company; and (iii) if the fund is a single member self managed superannuation fund whose trustees are individuals—those individuals; (c) a partner of the primary entity or a partnership in which the primary entity is a partner; (d) if a partner of the primary entity is an individual—the spouse or a child of that individual; (e) a trustee of a trust (in the capacity of trustee of that trust), where the primary entity controls the trust; (f) a company that is sufficiently influenced by, or in which a majority voting interest is held by: (i) the primary entity; or (ii) another entity that is a Part 8 associate of the primary entity because of another paragraph of this section or because of another application of this paragraph; or (iii) 2 or more entities covered by the preceding subparagraphs.