Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:4:p2
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 4 (pt 2/2)
Character Range: 34642–35661

the proper performance of the functions attaching to a professional capacity or a business relationship;
 (b) one, as a client, gives specific instructions to the other, whose ordinary business includes engaging in credit activities, to enter into a credit contract on the client's behalf in the ordinary course of that business.
 (8) For the purposes of proceedings in relation to a matter mentioned in these Regulations in which it is alleged that a person (person 1) was an associate of another person by virtue of paragraph (5)(b) or (e), person 1 is not taken to have been an associate of the other person in relation to a matter by virtue of that paragraph unless it is proved that person 1 knew, or ought to have known, at that time, the material particulars of that matter.
 (9) A reference to an associate, in relation to an entity (other than a body corporate) that:
 (a) engages in a credit activity; and
 (b) is constituted by 2 or more persons;
includes a reference to an associate of any of those persons.