Body corporate
(1) A body corporate is connected with a
corporation if, and only if, the corporation:
(a) can control, or influence
materially, the body’s activities or internal affairs; or
(b) is a member of the body; or
(c) is in a position to cast, or to
control the casting of, a vote at a general meeting of the body; or
(d) has power to dispose of, or to
exercise control over the disposal of, a share in the body; or
(e) is financially interested in the
body’s success or failure or apparent success or failure; or
(f) is owed a debt by the body; or
(g) is engaged by the body under a
contract for services; or
(h) acts as agent for the body in any
transaction or dealing.
Natural person
(2) A natural person is connected with a
corporation if, and only if, the corporation:
(a) is a trustee of a trust under
which the person is capable of benefiting; or
(b) is engaged by the person under a
contract for services; or
(c) acts as agent for the person in
any transaction or dealing; or
(d) is an attorney of the person under
a power of attorney; or
(e) has appointed the person as the
corporation’s attorney under a power of attorney; or
(f) is given financial, business or
legal advice by the person in the performance of the functions attaching to the
person’s professional capacity.
Partnership
(3) A
partnership is connected with a corporation if, and only if, the corporation:
(a) is a partner in the partnership;
or
(b) can control, or influence
materially, the partnership’s activities or internal affairs; or
(c) is financially interested in the
partnership’s success or failure or apparent success or failure; or
(d) is a creditor of the partnership;
or
(e) is engaged by the partnership
under a contract for services; or
(f) acts as agent for the partnership
in any transaction or dealing.
Trust
(4) A trust is connected with a corporation
if, and only if, the corporation:
(a) is the settlor, or one of the
settlors, of the trust; or
(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 trust; or
(c) is a trustee of the trust; or
(d) can control, or influence
materially, the activities of the trust; or
(e) is capable of benefiting under the
trust; or
(f) is a creditor of the trustee of
the trust; or
(g) is engaged by the trustee of the
trust under a contract for services; or
(h) acts as agent for the trustee of
the trust in any transaction or dealing.
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