Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 35

35. Where a body corporate is by section 34 deemed to have a relevant interest
in a share in another body corporate, a person shall be deemed for the
purposes of this Division to have a relevant interest in the share if:

   (a)  the first-mentioned body is, or its directors are, accustomed or under
        an obligation, whether formal or informal, to act in accordance with
        the directions, instructions or wishes of the person in relation to
        the exercise of: (i) power to vote in respect of shares in the other
        body; or

        (ii)   power to dispose of shares in the other body;

   (b)  the person has a controlling interest in the first-mentioned body; or

   (c)  the person has power to vote in respect of not less than the
        prescribed percentage of the voting shares in the first-mentioned
        body.