Section 153D — Competition and Consumer Act 2010: Meaning of connected body corporate in relation to prohibited conduct
Text of the provision Official document
(1) A corporation is a connected body corporate in relation to prohibited conduct engaged in by the corporation. (2) A body corporate is a connected body corporate in relation to prohibited conduct engaged in by a corporation if: (a) the body corporate is related to the corporation; and (b) any of the following conditions are satisfied: (i) the prohibited conduct involves the direct or indirect use of assets held by the body corporate; (ii) the prohibited conduct involves direct or indirect dealings between the body corporate and the corporation. (3) A body corporate is a connected body corporate in relation to prohibited conduct if: (a) the body corporate is a holding company of another body corporate; and (b) the other body corporate is a connected body corporate in relation to the prohibited conduct because of a previous operation of this section.
Official source: Federal Register of Legislation
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