Document ID: chunk:federal_register_of_legislation:F2024C00969:reg:16
Version: federal_register_of_legislation:F2024C00969
Segment Type: reg
Provision Reference: reg 16
Character Range: 17588–18492

16  Australian associates of a foreign person—no action in concert etc.

Prescribed interest
 (1) An interest in a share is an interest of a prescribed kind if, in connection with that interest or any interest in an airport‑operator company:
 (a) the interest‑holder, although being an associate of a foreign person:
 (i) is not directly or indirectly controlled by the foreign person; and
 (ii) is not accustomed, or under an obligation (whether formal or informal), to act in accordance with the directions, instructions or wishes of the foreign person; and
 (iii) is not an associate, within the meaning of subclause 5(2) of the Schedule to the Act, of the foreign person; and
 (b) the foreign person does not have any direct control interest in the share.

Prescribed person
 (2) The interest‑holder mentioned in subsection (1) is a prescribed person if the interest‑holder is not a foreign person.