5. For the purposes of Part 4A of the Act, a person, A, is an associate of another person, B, if —| (a) | A is the spouse, or a parent, step-parent or remoter lineal ancestor, or a son, step-son, daughter, step-daughter or remoter issue, or a brother or sister, of B; | | (b) | A is a corporation whose directors are accustomed or under an obligation, whether formal or informal, to act in accordance with the directions, instructions or wishes of B or, where B is a corporation, of the directors of B; | | (c) | B is a corporation whose directors are accustomed or under an obligation, whether formal or informal, to act in accordance with the directions, instructions or wishes of A or, where A is a corporation, of the directors of A; | | (d) | A is a person who is accustomed or under an obligation, whether formal or informal, to act in accordance with the directions, instructions or wishes of B or, where B is a corporation, of the directors of B; | | (e) | B is a person who is accustomed or under an obligation, whether formal or informal, to act in accordance with the directions, instructions or wishes of A or, where A is a corporation, of the directors of A; | | (f) | A is a related corporation of B; | | (g) | A is a corporation in which B, alone or together with other associates of B as described in sub-paragraphs (b) to (f), is in a position to control not less than 20% of the voting power in A; | | (h) | B is a corporation in which A, alone or together with other associates of A as described in sub-paragraphs (b) to (f), is in a position to control not less than 20% of the voting power in B; or | | (i) | A is a person with whom B has an agreement or arrangement, whether oral or in writing and whether express or implied, to act together with respect to the acquisition, holding or disposal of equity interest in, or with respect to the exercise of their voting power in relation to, the designated electricity licensee, the designated entity or the designated business trust concerned. |
[S 449/2025 wef 31/12/2021] |
