(1) For this part, a person is an associate of someone else if—
(a) 1 of them is a spouse, parent, brother, sister or child of the other; or
(b) both are members of the same household; or
(c) they are partners; or
(d) both are trustees or beneficiaries of the same trust, or 1 is a trustee and the other is a beneficiary of the same trust; or
(e) 1 person is a corporation and the other person is a director or member of the governing body of the corporation; or
(f) 1 person is a corporation (other than a public company whose shares are listed on a stock exchange) and the other person is a shareholder in the corporation; or
(g) they are related bodies corporate; or
(h) a chain of relationships can be traced between them under 1 or more of paragraphs (a) to (g).
(2) In this section:
"beneficiary", of a trust, includes an object of a discretionary trust.
"related body corporate"—see the Corporations Act, section 9 (Definitions).