Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) Without limiting the meaning of the dictionary, definition of "associated person", paragraph (a), a public company and a subsidiary of a public company are taken to be associated people for this part.
(2) However, the responsible entity of a managed investment scheme (the first scheme ), and the responsible entity of another managed investment scheme (the other scheme ), are associated people for this part only if a person who is a member of the first scheme and is beneficially entitled to more than 20% of the property to which the scheme relates is also a member of the other scheme and is beneficially entitled to more than 20% of the property to which the other scheme relates.
Note For another exception to associated person —see s 86 (2).
(3) In this section:
"subsidiary"—see the Corporations Act, section 9.