Part 1 Preliminary Division 2 Definitions Section 5 (b) ultimately deliver services to at least 100,000 water connections or 100,000 sewerage connections. Note: The rules may prescribe that a specified critical water asset is not a critical infrastructure asset (see section 9). direct interest holder, in relation to an asset, has the meaning given by section 8. entity means any of the following: (a) an individual, whether or not resident in Australia or an Australian citizen; (b) a body corporate, whether or not formed, or carrying on business, in Australia; (c) a body politic, whether or not an Australian body politic; (d) a partnership, whether or not formed in Australia; (e) a trust, whether or not created in Australia; (f) a superannuation fund, whether or not created in Australia; (g) an unincorporated foreign company. Note: See Division 2 of Part 7 for how this Act applies to partnerships, trusts, superannuation funds and unincorporated foreign companies. First Minister means the Premier of a State, or the Chief Minister of the Australian Capital Territory or the Northern Territory. grace period, for an asset, means: (a) for an asset that is, or will be, a critical infrastructure asset at the end of the period of 6 months starting on the commencing day—that 6 month period; or (b) for an asset that becomes a critical infrastructure asset after the end of the period mentioned in paragraph (a)—the period of 6 months starting on the day the asset becomes a critical infrastructure asset. holding entity has the meaning given by subsection 8C(2). influence or control has a meaning affected by section 8A. interest in an asset means a legal or equitable interest in the asset. 6 Security of Critical Infrastructure Act 2018 Authorised Version C2018A00029 No. 29, 2018