Corporations Act 2001
One entity (the associate ) is an associated entity of another entity (the principal ) if subsection (2), (3), (4), (5), (6) or (7) is satisfied.50AAA(2) [ Related bodies corporate]
This subsection is satisfied if the associate and the principal are related bodies corporate.50AAA(3) [ Principal controls associate]
This subsection is satisfied if the principal controls the associate.50AAA(4) [ Associate controls principal]
(a) the associate controls the principal; and
(b) the operations, resources or affairs of the principal are material to the associate. 50AAA(5) [ Qualifying investment - associate]
(a) the associate has a qualifying investment (see subsection (8)) in the principal; and
(b) the associate has significant influence over the principal; and
(c) the interest is material to the associate. 50AAA(6) [ Qualifying investment - principal]
(a) the principal has a qualifying investment (see subsection (8)) in the associate; and
(b) the principal has significant influence over the associate; and
(c) the interest is material to the principal. 50AAA(7) [ Control of both principal and associate]
(a) an entity (the third entity ) controls both the principal and the associate; and
(b) the operations, resources or affairs of the principal and the associate are both material to the third entity. 50AAA(8) [ " qualifying investment " ]
(a) has an asset that is an investment in the second entity; or
(b) has an asset that is the beneficial interest in an investment in the second entity and has control over that asset.
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