Document ID: chunk:federal_register_of_legislation:C2024C00844:section:19:p2
Version: federal_register_of_legislation:C2024C00844
Segment Type: section
Provision Reference: s 19 (pt 2/2)
Character Range: 85331–86565

including because of the operation of paragraph (2)(c).
 (2B) For the purposes of this Act:
 (a) if subparagraph (2A)(c)(i) applies—the person is taken to be in a position to control the voting power or potential voting power in the lower party that the intermediate partner is in a position to control; or
 (b) if subparagraph (2A)(c)(ii) applies—the person is taken to hold the interests in the shares in the lower party that the intermediate partner holds; or
 (c) if subparagraph (2A)(c)(iii) applies—the person is taken to hold the interest in the lower party that the intermediate partner holds.

Section does not apply for certain purposes
 (3) This section does not apply for the purpose of:
 (a) determining under any of the following whether a foreign person acquires a direct interest in an Australian entity or Australian business that is an agribusiness:
 (i) paragraph 40(2)(a) (meaning of significant action—entities);
 (ii) paragraph 41(2)(a) (meaning of significant action—businesses);
 (iii) paragraph 47(2)(a) (meaning of notifiable action—general); or
 (b) determining under paragraph 47(2)(b) (meaning of notifiable action—general) whether a foreign person acquires a substantial interest in an Australian entity.