Bunch of businesses told to transgress timeless dictate (9)

I believe the answer is:

syndicate

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'bunch' is the definition.
The answer and definition can be both groups as well as being singular nouns.
Maybe there's an association between them I don't understand?

I don't understand the rest of the clue.

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(Other definitions for syndicate that I've seen before include "Affiliated group" , "Group working together to promote common interest" , "Business group supplied by CIE dynast" , "Group working to a common aim" , "Consortium" .)

I've seen this clue in the Sydney Morning Herald.

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