BANKRUPTCY ACT 1966

PART IA - INTERPRETATION  

SECTION 5E   5E   ASSOCIATED ENTITIES: TRUSTS  
For the purposes of this Act, a trust is associated with a person if, and only if, the person:


(a) is the settlor, or one of the settlors, of the trust;


(b) has power under the terms of the trust to appoint or remove a trustee of the trust or to vary, or cause to be varied, any of the terms of the trusts;


(c) is a trustee of the trust;


(d) is able to control, or to influence materially, the activities of the trustee of the trust;


(e) if a trustee of the trust is a company - is a company officer of the company or otherwise is concerned, or takes part, in the company ' s management;


(f) is capable of benefiting under the trust;


(g) is a creditor of the trustee of the trust;


(h) is employed, or is engaged under a contract for services, by the trustee of the trust;


(j) acts as agent for the trustee of the trust in any transaction or dealing; or


(k) gives professional advice to the trustee of the trust.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.