Hayden Ltd is a 30 per cent shareholder of Ross Co. Pty Ltd. The other shareholders have smaller shareholdings (around 5 to 13 per cent) and are always too busy to attend annual general meetings. Hayden Ltd has two non-executive seats on the board of Ross Co. Pty Ltd and the remaining three are held by other shareholdersone chief executive officer who is a shareholder; and two non-executiveswho do not attempt to attend board meetings.

Required:

Determine whether Hayden Ltd is a parent of Ross Co. Pty Ltd by referring to the primary criterion provided by AASB 10 Consolidated Financial Statements.