Document ID: chunk:federal_register_of_legislation:C2004A00656:clause:1_19
Version: federal_register_of_legislation:C2004A00656
Segment Type: clause
Provision Reference: sch 1 cl 19
Character Range: 8294–8844

19  After subsection 31(2)
Insert:

 (2A) However, in determining whether a person is an associate of another person, disregard any connection those persons have with or through a PDF.

Example: This means that, despite paragraph (1)(d), the fact that 2 persons are both officers of the same PDF does not make the officers associates of one another (although they would still be associates if they were both officers of the same non‑PDF company).

 (2B) This section does not prevent a PDF from merging with another PDF as mentioned in section 32A.