The Definition of "Associate" in the Corporations Law
by Justice R P Austin

One of the most important definitions in the Corporations Law is that of "associate". The definition is important for those provisions of the Corporations Law that regulate takeovers, compulsory acquisitions and other transactions. As a result of the Corporate Law Economic Reform Program Act 1999 that commenced operation on 13 March 2000, there are now two definitions of "associate" in the Corporations Law. The two definitions are not entirely consistent and there has been some uncertainty in the market place concerning their operation. Justice Austin of the New South Wales Supreme Court provides his analysis of the definition of "associate".

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