Division 7A Dividend - Who Is An Associate?

Who Is An Associate?

For an individual shareholder, an associate includes a relative, partner, the spouse or child of that partner of the individual, a trustee of a trust estate under which the individual or an associate benefits, or a company under the control of the individual or associate.

For a company shareholder, an associate includes a partner of the company or a trustee of a trust estate under which the company or associate benefits, another individual or associate who controls the company, or another company which is under the control of the company or the company's associate.

For a trustee shareholder, an associate includes an entity or associate of the entity that benefits or is capable of benefiting under the trust.

For a partnership shareholder, an associate includes each partner of the partnership or associate of the partner.