s. 13A (3) For the purposes of section 13(5), a body corporate is an associate of a person if it— (a) is a business partner of that other person; or (b) holds or will hold any relevant financial interest, or is or will be entitled to exercise any relevant power (whether in its own right or on behalf of any other person), in the business of the body corporate and thereby is able or will be able to exercise a significant influence over, or with respect to, the management or operation of that business. (4) In this section— in relation to a relevant financial interest, business, means— (a) any share in the capital of the business; or (b) any entitlement to receive any income derived from the business; or (c) any entitlement to receive any payment as a result of money advanced to the business; in relation to a business, means relevant position, the position of director, manager, secretary or other executive position, however that position is designated; in relation to a business, means relevant power, any power, whether exercisable by voting or otherwise and whether exercisable alone or in association with others— (a) to participate in any directorial, managerial or executive decision in the business; or (b) to elect or appoint any person to any relevant position in the business.
(3) For the purposes of section 13(5), a body corporate is an associate of a person if it— (a) is a business partner of that other person; or (b) holds or will hold any relevant financial interest, or is or will be entitled to exercise any relevant power (whether in its own right or on behalf of any other person), in the business of the body corporate and thereby is able or will be able to exercise a significant influence over, or with respect to, the management or operation of that business. (4) In this section— relevant financial interest, in relation to a business, means— (a) any share in the capital of the business; or (b) any entitlement to receive any income derived from the business; or (c) any entitlement to receive any payment as a result of money advanced to the business; s. 13A relevant position, in relation to a business, means the position of director, manager, secretary or other executive position, however that position is designated; relevant power, in relation to a business, means any power, whether exercisable by voting or otherwise and whether exercisable alone or in association with others— (a) to participate in any directorial, managerial or executive decision in the business; or (b) to elect or appoint any person to any relevant position in the business.
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