This legislation has been repealed.
(1) In this Act, each of the following is an influential person of a corporation:
(a) a secretary, director or senior manager of the corporation;
(b) a related corporation;
(c) a secretary, director or senior manager of a related corporation;
(d) an influential owner;
(e) an apparently influential person.
(2) In this section, in relation to a corporation:
"apparently influential person" means a person who, it appears to the commission, has the capacity, by informal means or connections, to have as much influence over the actions of the corporation as a person mentioned in subsection (1) (a) to (d).
"influential owner" means a person who, whether directly or through intermediary corporate ownership or nominees—
(a) is able to control 5% of the votes at an annual general meeting of the corporation; or
(b) is able to control the appointment of a director of the corporation.
"related corporation" means a related body corporate under the Corporations Act.
"senior manager" means a person who has substantial responsibility in the management of the corporation.