Document ID: chunk:federal_register_of_legislation:C2004C01110:clause:4_35
Version: federal_register_of_legislation:C2004C01110
Segment Type: clause
Provision Reference: sch 4 cl 35
Character Range: 132133–132722

35  Subsection 169(8)
Repeal the subsection, substitute:

Joint holders

 (8) For the purposes of this section:
 (a) 2 or more persons who jointly hold shares in the company or interests in the scheme are taken to be a single member of the company or scheme in relation to those shares or interests; and
 (b) 2 or more persons who have given a guarantee jointly are taken to be a single member of the company.
They may also be members of the company or scheme because of shares or interests that they hold, or a guarantee that they have given, in their own right or jointly with others.