Document ID: chunk:federal_register_of_legislation:C2006A00057:clause:1_21
Version: federal_register_of_legislation:C2006A00057
Segment Type: clause
Provision Reference: sch 1 cl 21
Character Range: 12234–12878

21  At the end of section 37
Add:

Definitions

 (4) For the purposes of subsection (1A), an entity (the first entity) is a related entity of another entity (the second entity) if:
 (a) the first entity controls, or is controlled by, the second entity (within the meaning of section 50AA of the Corporations Act 2001); or
 (b) the same shareholder or shareholders own all the shares in both the first entity and the second entity; or
 (c) the first entity is a director of the second entity.

 (5) In this section:

entity means:
 (a) an individual who is a resident of Australia; or
 (b) a body incorporated under the Corporations Act 2001.