Document ID: chunk:federal_register_of_legislation:C2024C00844:section:4:p9
Version: federal_register_of_legislation:C2024C00844
Segment Type: section
Provision Reference: s 4 (pt 9/10)
Character Range: 43272–45946

conduct, whether unilateral or otherwise.
Secretary means the Secretary of the Department.
security means a share in a corporation or a unit in a unit trust.
senior officer of an entity means an officer of the entity under any of paragraphs (a) to (e) of the definition of officer in this section, except an independent director of the entity.
sensitive business has the meaning given by section 26.
separate government entity means an individual, corporation or corporation sole that:
 (a) is an agency or instrumentality of a foreign country or a part of a foreign country; and
 (b) is not part of the body politic of a foreign country or of a part of a foreign country.
share of a corporation means a share in the share capital of the corporation, and includes:
 (a) stock into which all or any of the share capital of the corporation has been converted; and
 (b) except in section 9, an interest in such a share or in such stock.
significant action has the meaning given by Division 2 of Part 2.
significant agreement with an Australian business is an agreement relating to:
 (a) the leasing of, the letting on hire of, or the granting of other rights to use, assets of the business; or
 (b) the participation by a person in the profits or central management and control of the business.
starts a national security business has the meaning given by section 8A.
starts an Australian business has the meaning given by section 8B.
subsidiary has the meaning given by subsections 21(1) to (3).
substantial interest: a person holds a substantial interest in an entity, trust or unincorporated limited partnership if:
 (a) for an entity or unincorporated limited partnership—the person holds an interest of at least 20% in the entity or partnership; or
 (b) for a trust (including a unit trust)—the person, together with any one or more associates, holds a beneficial interest in at least 20% of the income or property of the trust.
Note 1: See also sections 17 (meanings of interest and aggregate interest of a specified percentage in an entity or unincorporated limited partnership) and 18 (rules relating to determining percentages of interests in entities).
Note 2: For when a person acquires a substantial interest in an entity, see section 20.
temporary resident means an individual who:
 (a) holds a temporary visa under the Migration Act 1958 that allows the individual to remain in Australia for a continuous period of more than 12 months (disregarding the amount of that period remaining); or
 (b) meets the following conditions:
 (i) the individual is residing in Australia;
 (ii) the individual has applied for a permanent visa under the Migration Act 1958;
 (iii)