Document ID: chunk:federal_register_of_legislation:C2004A03762:body:0:p2
Version: federal_register_of_legislation:C2004A03762
Segment Type: other
Provision Reference: 
Character Range: 2890–5739

adding at the end of subsection (3) the following paragraphs:
          "; (d) the trustee of a trust estate in which a natural person not ordinarily resident in Australia or a foreign corporation holds a substantial interest; or
         (e) the trustee of a trust estate in which 2 or more persons, each of whom is either a natural person not ordinarily resident in Australia or a foreign corporation, hold an aggregate substantial interest.";
     (c) by omitting from subparagraph (4) (a) (ii) "or" (last occurring);
     (d) by omitting from subparagraph (4) (a) (iii) "and";
     (e) by adding at the end of paragraph (4) (a) the following subparagraphs:
          "(iv) the trustee of a trust estate in which a natural person not ordinarily resident in Australia or a foreign corporation holds a substantial interest; or
         (v) the trustee of a trust estate in which 2 or more persons, each of whom is either a natural person not ordinarily resident in Australia or a foreign corporation, hold an aggregate substantial interest; and";
     (f) by omitting from subparagraph (5) (a) (ii) "or" (last occurring);
     (g) by omitting from subparagraph (5) (a) (iii) "and";
     (h) by adding at the end of paragraph (5) (a) the following subparagraphs:
          "(iv) the trustee of a trust estate in which a natural person not ordinarily resident in Australia or a foreign corporation holds a substantial interest; or
         (v) the trustee of a trust estate in which 2 or more persons, each of whom is either a natural person not ordinarily resident in Australia or a foreign corporation, hold an aggregate substantial interest; and";
     (j) by adding at the end the following subsection:
    "(6) Without prejudice to its effect apart from this subsection, this Act also has, by force of this subsection, the effect it would have if references in section 21a to a foreign person were references to:
         (a) a natural person not ordinarily resident in Australia;

         (b) a corporation (other than a foreign corporation) in which a natural person not ordinarily resident in Australia or a foreign corporation holds a substantial interest;
         (c) a corporation (other than a foreign corporation) in which 2 or more persons, each of whom is either a natural person not ordinarily resident in Australia or a foreign corporation, hold an aggregate substantial interest;
         (d) the trustee of a trust estate in which a natural person not ordinarily resident in Australia or a foreign corporation holds a substantial interest; or
         (e) the trustee of a trust estate in which 2 or more persons, each of whom is either a natural person not ordinarily resident in Australia or a foreign corporation, hold an aggregate substantial interest.".

Interpretation
6. Section 5 of the Principal Act is amended:
     (a)