PART 1Call-in for national security

CHAPTER 2Interpretation

9Control of assets

1

For the purposes of this Act, a person gains control of a qualifying asset if the person acquires a right or interest in, or in relation to, the asset and as a result the person is able—

a

to use the asset, or use it to a greater extent than prior to the acquisition, or

b

to direct or control how the asset is used, or direct or control how it is used to a greater extent than prior to the acquisition.

This is subject to section 11.

2

In this section, references to the use of an asset include references to its exploitation, alteration, manipulation, disposal or destruction.