SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

PART 8 - IN-HOUSE ASSET RULES APPLYING TO REGULATED SUPERANNUATION FUNDS  

Division 1 - Object and interpretation  

Subdivision B - Part 8 associates  

SECTION 70C   70C   PART 8 ASSOCIATES OF COMPANIES  


For the purposes of this Part, each of the following is a Part 8 associate of a company (the primary entity ), whether or not the primary entity is in the capacity of trustee:


(a) a partner of the primary entity or a partnership in which the primary entity is a partner;


(b) if a partner of the primary entity is an individual - the spouse or a child of that individual;


(c) a trustee of a trust (in the capacity of trustee of that trust), where the primary entity controls the trust;


(d) another entity (in this paragraph called the controlling entity ) where the primary entity is sufficiently influenced by, or a majority voting interest in the primary entity is held by:


(i) the controlling entity; or

(ii) another entity that is a Part 8 associate of the controlling entity because of section 70B or 70D , another paragraph of this section or another application of this paragraph; or

(iii) 2 or more entities covered by the preceding subparagraphs;


(e) another company (in this paragraph called the controlled company ) where the controlled company is sufficiently influenced by, or where a majority voting interest in the controlled company 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;


(f) if a third entity is a Part 8 associate of the primary entity because of paragraph (d) of this subsection - an entity that is a Part 8 associate of that third entity because of section 70B or 70D or because of another paragraph of this section.


 

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