Document ID: chunk:federal_register_of_legislation:F2022C00026:reg:4aa
Version: federal_register_of_legislation:F2022C00026
Segment Type: reg
Provision Reference: reg 4AA
Character Range: 11812–12724

4AA  Meaning of close associate
  An individual is a close associate of an entity if the individual is:
 (a) in the case of an entity that is another individual—a relative of the other individual; or
 (b) in the case of an entity that is a partnership—a partner in the partnership, or a relative of a partner in the partnership; or
 (c) in the case of an entity that is a trustee or a beneficiary of a trust (other than a widely held unit trust)—a trustee or a beneficiary of the trust, or a relative of a trustee or a beneficiary of the trust; or
 (d) in the case of an entity that is company (other than a widely‑held company)—a shareholder in or a director of the company, or a relative of a shareholder in or a director of the company.
Note: See subsection 30(7) for when an individual who is a close associate is excluded from being an eligible additional employee for the purposes of the jobmaker scheme.