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

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.