.. actually, having read:
ttp://www.businessspectator.com.au/bs.nsf/Article/Last-play-for-Babcock-$pd20090206-NZAZG?OpenDocument&src=sph
we now know that BNB owns over 99% of BNBIPL because the private investors have been dumping their shares in BBIPL over the last few years. Not sure if this changes anything. Just thought I'd point out that the info in the prospectus is out of date....