Bankruptcy Legislation Amendment Act 2004 (80 of 2004)

Schedule 1   Amendments relating to statements of affairs and Part X agreements

Part 1   Amendment of the Bankruptcy Act 1966

Division 1   Amendments relating to statements of affairs

1   Subsection 5(1)

Insert:

related entity , in relation to a person, means any of the following:

(a) a relative of the person;

(b) a body corporate of which the person, or a relative of the person, is a director;

(c) a body corporate that is related to the body corporate referred to in paragraph (b);

(d) a director, or a relative of a director, of a body corporate referred to in paragraph (b) or (c);

(e) a beneficiary under a trust of which the person, or a relative of the person, is a trustee;

(f) a relative of such a beneficiary;

(g) a relative of the spouse of such a beneficiary;

(h) a trustee of a trust under which the person, or a relative of the person, is a beneficiary;

(i) a member of a partnership of which the person, or a relative of the person, is a member;

For the purposes of paragraph (c) of this definition, the question whether a body corporate is related to another body corporate is to be determined in the same manner as that question is determined for the purposes of the Corporations Act 2001.