Significant influence is defined in AASB 128 as:

Group of answer choices

the demonstrated ability of an entity to affect substantially or control either the financial or operating policies of another entity

the power of an entity to participate in the financial and operating policy decisions of the investee, but it is not control or joint control over those policies

the ability of a company to change the composition of managerial board of another company

the controlling ability of an entity to affect substantially both the financial and operating policies of another entity