Corporations (Aboriginal and Torres Strait Islander) Act 2006
Controlling entities
293-1(1)
An entity that controls an Aboriginal and Torres Strait Islander corporation is a related party of the corporation.
Directors and their spouses
293-1(2)
The following persons are related parties of an Aboriginal and Torres Strait Islander corporation: (a) directors of the corporation; (b) directors (if any) of an entity that controls the corporation; (c) if the corporation is controlled by an entity that is not a body corporate - each of the persons making up the controlling entity; (d) spouses of the persons referred to in paragraphs (a) , (b) and (c) .
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Hide history noteRelatives of directors and spouses
293-1(3)
The following relatives of persons referred to in subsection (2) are related parties of the Aboriginal and Torres Strait Islander corporation: (a) parents; (b) children.
Entities controlled by other related parties
293-1(4)
An entity controlled by a related party referred to in subsection (1) , (2) or (3) is a related party of the Aboriginal and Torres Strait Islander corporation unless the entity is also controlled by the corporation.
Related party in previous 6 months
293-1(5)
An entity is a related party of an Aboriginal and Torres Strait Islander corporation at a particular time if the entity was a related party of the corporation of a kind referred to in subsection (1) , (2) , (3) or (4) at any time within the previous 6 months.
Entity has reasonable grounds to believe it will become related party in future
293-1(6)
An entity is a related party of an Aboriginal and Torres Strait Islander corporation at a particular time if the entity believes or has reasonable grounds to believe that it is likely to become a related party of the corporation of a kind referred to in subsection (1) , (2) , (3) or (4) at any time in the future.
Acting in concert with related party
293-1(7)
An entity is a related party of an Aboriginal and Torres Strait Islander corporation if the entity acts in concert with a related party of the corporation on the understanding that the related party will receive a financial benefit if the corporation gives the entity a financial benefit.
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