Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 17 - INTERPRETING THIS ACT  

PART 17-1 - MEANING OF SOME IMPORTANT CONCEPTS  

Division 686 - Associates  

SECTION 686-15   EXCLUSIONS  

686-15(1)    
A person is not an associate of another person by virtue of subsection 686-10(1) , or by virtue of subsection 686-10(2) as it applies in relation to subsection 686-10(1) , merely because of one or more of the following:

(a)    one gives advice to the other, or acts on the other ' s behalf, in the proper performance of the functions attaching to a professional capacity or a business relationship;

(b)    one has appointed the other, otherwise than for valuable consideration given by the other or by an associate of the other, to vote as a proxy or representative at a meeting of members, or of a class of members, of a body corporate.

686-15(2)    
A person who is a common law holder of native title is not an associate of another person by virtue of subsection 686-10(1) , or by virtue of subsection 686-10(2) as it applies in relation to subsection 686-10(1) , merely because a Native Title legislation obligation has been complied with.


 

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