##### 8A  Meaning of influence or control - \(1\) An entity is in a position to directly or indirectly influence or control an asset if: - \(a\) the entity is in a position to exercise voting or veto rights in relation to the body that governs the asset; or - \(b\) the entity is in a position to make decisions that materially impact on the running of, or strategic direction in relation to, the asset; or - \(c\) the entity has the ability to appoint: - \(i\) persons to the body that governs the asset; or - \(ii\) key personnel involved in running the asset; or - \(d\) the entity is in a position to influence or determine decisions relating to: - \(i\) the business plan, or any other management plan, for the asset; or - \(ii\) major expenditure relating to the asset; or - \(iii\) major contracts or transactions involving the asset; or - \(iv\) major loans involving the asset\. Note: For interests held by trusts, partnerships, superannuation funds and unincorporated foreign companies, see section 53A\. - \(2\) An entity \(the controlling entity\) is in a position to directly or indirectly influence or control another entity \(the controlled entity\) if the controlling entity: - \(a\) is in a position to exercise voting or veto rights in relation to the controlled entity; or - \(b\) is in a position to make decisions that materially impact on the running of, or strategic direction of, the controlled entity; or - \(c\) has the ability to appoint persons to the board of the controlled entity; or - \(d\) is in a position to influence or determine decisions relating to: - \(i\) the business plan, or any other management plan, for the controlled entity; or - \(ii\) major expenditure relating to the controlled entity; or - \(iii\) major contracts or transactions involving the controlled entity; or - \(iv\) major loans involving the controlled entity; or - \(e\) together with any associates of the controlling entity, holds an interest of at least 10% in the controlled entity \(including if any of the interests are held jointly with one or more other entities\)\. - \(3\) This section does not limit when an entity is in a position to directly or indirectly influence or control an asset or other entity\. --- ## Source and attribution Saved copy: C2018A00029 / C2026C00213 / f578e546a17068939a3a5a928474713f844dfae8 Scope: navPoint\_13 Compiled 2026\-06\-04\. This does not establish legal commencement\. Official source: https://www\.legislation\.gov\.au/C2018A00029/2026\-06\-04/2026\-06\-04/text/1/epub/OEBPS/document\_1/document\_1\.html Licence: https://creativecommons\.org/licenses/by/4\.0/ Based on content from the Federal Register of Legislation at 1 October 2026\. For the latest information on Australian Government legislation please go to https://www\.legislation\.gov\.au\. Converted XHTML into Tiptap JSON; recovered lists from paragraph classes; kept literal labels and text\. Print layout is changed\. The Commonwealth Coat of Arms is not covered by the CC BY licence\.