8Meaning of influential person

8 Meaning of influential person (1) In this Act: influential person, for a corporation— (a) means any of the following: (i) an executive officer of the corporation; (ii) a related corporation; (iii) an executive officer of a related corporation; (iv) an influential owner; and (b) includes a person who, though not mentioned in paragraph (a), can exercise as much influence over the actions of the corporation as someone mentioned in that paragraph. Note Corporation includes a club (see dict). influential owner, of a corporation, means a person who, whether directly or through intermediary corporate ownership or nominees— (a) can control 5% of the votes at an annual general meeting of the corporation; or (b) can control the appointment of a director of the corporation. related corporation means a related body corporate under the Corporations Act.