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StatuteBankruptcy Act 1966

Section 5D — Bankruptcy Act 1966: Associated entities: partnerships

Text of the provision Official document

For the purposes of this Act, a partnership is associated with a person if, and only if, the person: (a) is a partner in the partnership; (b) is able to control, or to influence materially, the partnership’s activities or internal affairs; (c) is financially interested in the partnership’s success or failure or apparent success or failure; (d) is a creditor of the partnership; (e) is employed, or is engaged under a contract for services, by the partnership; (f) acts as agent for the partnership in any transaction or dealing; or (g) gives professional advice to the partnership.

Official source: Federal Register of Legislation

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