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SCHEDULE 1Persons who have significant influence or control over another

PART 3Trusts

Application

6.  This Part applies to a person (the associate) where—

(a)the person who owns or tenants the land (the recorded person) does so as a trustee of, or otherwise on behalf of, a trust, and

(b)the associate—

(i)is a trustee of the trust, but is not registered as being the owner or tenant of the land,

(ii)is an individual who has significant influence or control over a relevant entity which is a trustee of the recorded person,

(iii)is an individual who has the right to exercise, or who actually exercises, significant influence or control over the recorded person or the trust.