An entity is exempt from the disclosure requirements of paragraph 33.9 in relation to:
(a) a state (a national, regional or local government) that has control, joint control or
significant influence over the reporting entity; and
(b) another entity that is a related party because the same state has control, joint
control or significant influence over both the reporting entity and the other entity.
However, the entity must still disclose a parent-subsidiary relationship as required by
paragraph 33.5.