Corporations Act - Australia

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is a creditor of the partnership; or

      (e) is engaged by the partnership under a contract for services; or

      (f) acts as agent for the partnership in any transaction or dealing.

      Trust

      (4) A trust is connected with a corporation if, and only if, the corporation:

      (a) is the settlor, or one of the settlors, of the trust; or

      (b) has power under the terms of the trust to appoint or remove a trustee of the trust or to vary, or cause to be varied, any of the terms of the trust; or

      (c) is a trustee of the trust; or

      (d) can control, or influence materially, the activities of the trust; or

      (e) is capable of benefiting under the trust; or

      (f) is a creditor of the trustee of the trust; or

      (g) is engaged by the trustee of the trust under a contract for services; or

      (h) acts as agent for the trustee of the trust in any transaction or dealing.

      65 Eligible money market dealer

      ASIC may declare a body corporate to be an authorised dealer in the short term money market by notice published in the Gazette.

      66A Exempt bodies

      A body corporate is an exempt body of a State or Territory if, and only if, it:

      (a) is not a company; and

      (b) is incorporated by or under a law of the State or Territory.

      70 Extension of period for doing an act

      Where this Act confers power to extend the period for doing an act, an application for the exercise of the power may be made, and the power may be exercised, even if the period, or the period as last extended, as the case requires, has ended.

      73A When a court is taken to find a person guilty of an offence

      An Australian court finds a person guilty of an offence if, and only if:

      (a) the court convicts the person of the offence; or

      (b) the person is charged before the court with the offence and is found in the court to have committed the offence, but the court does not proceed to convict the person of the offence.

      75 Inclusion in official list

      A reference to a body corporate or other person included in an official list of a body corporate is a reference to:

      (a) a body corporate or other person whose name is included in that official list; or

      (b) a body corporate or other person whose name has been changed but whose previous name was included in that official list immediately before the change and is still so included.

      79 Involvement in contraventions

      A person is involved in a contravention if, and only if, the person:

      (a) has aided, abetted, counselled or procured the contravention; or

      (b) has induced, whether by threats or promises or otherwise, the contravention; or

      (c) has been in any way, by act or omission, directly or indirectly, knowingly concerned in, or party to, the contravention; or

      (d) has conspired with others to effect the contravention.

      80 Jervis Bay Territory taken to be part of the Australian Capital Territory

      The Jervis Bay Territory is taken to be part of the Australian Capital Territory.

      82 Offers and invitations to the public

      A reference in this Act to, or to the making of, an offer to the public or to, or to the issuing of, an invitation to the public is, unless the contrary intention appears, to be construed as including a reference to, or to the making of, an offer to any section of the public or to, or to the issuing of, an invitation to any section of the public, as the case may be, whether selected as clients of the person making the offer or issuing the invitation or in any other manner and notwithstanding that the offer is capable of acceptance only by each person to whom it is made or that an offer or application may be made pursuant to the invitation only by a person to whom the invitation is issued, but a bona fide offer or invitation is not taken to be an offer or invitation to the public if it:

      (a) is an offer or invitation to enter into an underwriting agreement; or

      (b) is made or issued to a person whose ordinary business is to buy or sell shares, debentures or interests in managed investment schemes, whether as principal or agent; or

      (c) is made or issued to existing members or debenture holders of a corporation and relates to shares in, or debentures of, that corporation; or

      (d) is made or issued to existing members of a company in connection with a proposal referred to in section 507 and relates to shares in that company.

      83 Officers, and other persons, in default

      A reference, in relation to a contravention, to an officer of a body corporate, or to a person, who is in default is a reference to an officer of the body (including a person who later ceases to be such an officer), or to a person, as the case may be, who is involved in the contravention.

      86 Possession

      A thing that is in a person’s custody or under a person’s control is in the person’s possession.

      88A Public document of a body corporate

      (1) Subject to this section, public document, in relation to a body, means:

      (a) an instrument of, or purporting to be signed, issued or published by or on behalf of, the body that:

      (i) when signed, issued or published, is intended to be lodged or is required by or under this Act or the ASIC Act to be lodged; or

      (ii) is signed, issued or published under or for the purposes of this Act, the ASIC Act or any other Australian law; or

      (b) an instrument of, or purporting to be signed or issued by or on behalf of, the body that is signed or issued in the course of, or for the purposes of, a particular transaction or dealing; or

      (c) without limiting paragraph (a) or (b), a business letter, statement of account, invoice, receipt, order for goods, order for services or official notice of, or purporting to be signed or issued by or on behalf of, the body.

      (2) A thing is not a public document of a body if it:

      (a) is applied, or is intended or required to be applied:

      (i) to goods; or

      (ii) to a package, label, reel or thing in or with which goods are, or are to be, supplied; and

      (b) is so applied, or is intended or required to be so applied, for a purpose connected with the supply of the goods.

      (3) In subsection (2):

      apply to includes print on, weave in, impress on, work into, or annex, affix or attach to.

      label includes a band or ticket.

      package includes:

      (a) a covering, stopper, glass, bottle, vessel, box, capsule, case, frame or wrapper; or

      (b) any other container or thing in which goods are, or are to be, packed.

      88B Qualified accountants

      (1) For the purposes of this Act, a qualified accountant

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