Document ID: chunk:federal_register_of_legislation:C2025C00189:section:153d
Version: federal_register_of_legislation:C2025C00189
Segment Type: section
Provision Reference: s 153D
Character Range: 2041647–2042627

153D  Meaning of connected body corporate in relation to prohibited conduct
 (1) A corporation is a connected body corporate in relation to prohibited conduct engaged in by the corporation.
 (2) A body corporate is a connected body corporate in relation to prohibited conduct engaged in by a corporation if:
 (a) the body corporate is related to the corporation; and
 (b) any of the following conditions are satisfied:
 (i) the prohibited conduct involves the direct or indirect use of assets held by the body corporate;
 (ii) the prohibited conduct involves direct or indirect dealings between the body corporate and the corporation.
 (3) A body corporate is a connected body corporate in relation to prohibited conduct if:
 (a) the body corporate is a holding company of another body corporate; and
 (b) the other body corporate is a connected body corporate in relation to the prohibited conduct because of a previous operation of this section.

Division 2—Prohibited conduct