Part 1 Preliminary Division 2 Definitions Section 8C (j) the trustee of a trust in which the person holds an interest; (k) if the person is the trustee of a trust—a person who holds an interest in the trust; (l) any other person or body prescribed by the rules. 8C Meanings of subsidiary and holding entity Meaning of subsidiary (1) A corporate entity (the lower entity) is a subsidiary of another corporate entity (the higher entity) if: (a) the higher entity: (i) is in a position to control more than half the voting power in the lower entity; or (ii) holds more than half the issued securities in the lower entity (disregarding any securities that carry no right to participate beyond a specified amount in a distribution of either profits or capital); or (b) the lower entity is a subsidiary of a corporate entity that is the higher entity’s subsidiary (including because of one or more applications of this subsection). Meaning of holding entity (2) A corporate entity (the higher entity) is a holding entity of another corporate entity (the lower entity) if the lower entity is a subsidiary of the higher entity. 9 Meaning of critical infrastructure asset (1) An asset is a critical infrastructure asset if it is: (a) a critical electricity asset; or (b) a critical port; or (c) a critical water asset; or (d) a critical gas asset; or (e) an asset declared under section 51 to be a critical infrastructure asset; or 16 Security of Critical Infrastructure Act 2018 Authorised Version C2018A00029 No. 29, 2018