Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No. 9) 2020 (F2020L01534)

Schedule 1   Amendments

Coronavirus Economic Response Package (Payments and Benefits) Rules 2020

2   After section 4

Insert:

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.