Document ID: chunk:federal_register_of_legislation:C2004A03415:body:0:p24
Version: federal_register_of_legislation:C2004A03415
Segment Type: other
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person of a kind referred to in subparagraph (i) or (iii) has, or 2 or more such persons together have, a controlling interest;

     (d) if the member is a partner in a member organisation of the participating exchange and is not a body corporate:
        (i) a person who is a partner in the member organisation;
        (ii) a person who is the spouse, or who is a relative, of a partner (not being a body corporate) in the member organisation;
        (iii) a trustee of a trust in relation to which a person of a kind referred to in subparagraph (i) or (ii) is capable of benefiting;
        (iv) a person who is an officer of a body corporate that is a partner in the member organisation; or
        (v) a body corporate of which a person of a kind referred to in subparagraph (i), (ii) or (iii) is an officer, or in which such a person has, or 2 or more such persons together have, a controlling interest; or
     (e) if the member is a partner in a member organisation of the participating exchange and is a body corporate:
        (i) a person who is an officer of a body corporate that is a partner in the member organisation;
        (ii) a body corporate that is related to the first-mentioned body corporate;
        (iii) a person who is a partner in the member organisation;
        (iv) a person who is the spouse, or who is a relative, of a person (other than a body corporate) of a kind referred to in subparagraph (i) or (iii);
        (v) a trustee of a trust in relation to which a person of a kind referred to in subparagraph (i), (iii) or (iv) is capable of benefiting; or
        (vi) a body corporate in which a person of a kind referred to in subparagraph (i), (iii) or (iv) has, or 2 or more such persons together have, a controlling interest.
"(2) A reference in subsection (1) to a relative of a person includes a reference to a relative of the spouse (if any) of the person.
"(3) A reference in subsection (1) to an officer of a body corporate is a reference to:
     (a) a director, secretary or executive officer of the body corporate; or
     (b) a person who is an officer of the body corporate by virtue of paragraph (b), (c), (d) or (e) of the definition of 'officer' in subsection 4 (1).

Becoming insolvent
"122ac. (1) For the purposes of this Part, a body corporate becomes insolvent at a particular time if, and only if, at that time:
     (a) the body corporate commences to be wound up, comes under official management or ceases to carry on business;

     (b) a receiver, or