Coronavirus Economic Response Package (Payments and Benefits) Rules 2020

PART 1 - PRELIMINARY

SECTION 4AA

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.

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