Chapter CTM61515

Record NumberCTM61515
Published date16 April 2016
CTA10/S455 (6)

The meaning of ‘relevant person’ is defined in CTA10/S455 (6) as:

  • an individual, or
  • a company which is acting in a fiduciary or representative capacity

The singular term ‘individual’ also encompasses ‘individuals’, (Section 6 Interpretation Act 1978). Equally ‘relevant person’ will also encompass ‘relevant persons’. See CTM61520 for how this applies to partnerships and CTM61525 for how it applies to trustees (who are individuals).

Because a company acting in a fiduciary or representative capacity (e.g. a corporate trustee) is a relevant person, a loan...

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