From stonegatelegal.com.au: An influential person in a Queensland construction company is defined as an individual who can control or substantially influence the company’s operations without holding a formal title such as director or secretary, which may include significant shareholders or senior managers.
Being classified as an influential person can result in legal consequences like QBCC licence bans, exclusion from the industry, and potential company licence cancellations in cases of financial failure.
To avoid unintended liability, individuals should clearly define their roles, document decision-making processes, and obtain legal advice as necessary.