Document ID: chunk:federal_register_of_legislation:C2015A00150:clause:1_4:p6
Version: federal_register_of_legislation:C2015A00150
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 6/7)
Character Range: 18921–21561

at least one dwelling on the land; or
 (ii) the number of dwellings that could reasonably be built on the land is less than the number prescribed by the regulations; and
 (b) does not include land:
 (i) used wholly and exclusively for a primary production business; or
 (ii) on which the only dwellings are commercial residential premises.
residential land acquisition means a notifiable action to acquire an interest in residential land.
scheme means:
 (a) any agreement, understanding, promise or undertaking:
 (i) whether express or implied; and
 (ii) whether or not enforceable, or intended to be enforceable, by legal proceedings; and
 (b) any scheme, plan, proposal, action, course of action or course of 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.
subsidiary has the meaning given by subsections 21(1) to (3).
substantial interest: a person holds a substantial interest in an entity or trust if:
 (a) for an entity—the person holds an interest of at least 20% in the entity; 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) and 18 (rules relating to determining percentages of interests in entities).
Note 2: For when a person acquires a