Document ID: chunk:federal_register_of_legislation:C2025C00115:section:14
Version: federal_register_of_legislation:C2025C00115
Segment Type: section
Provision Reference: s 14
Character Range: 29995–30745

14  Associate‑inclusive control interest in a company
 (1) A particular type of associate‑inclusive control interest that a person holds in a company at a particular time is the aggregate of:
 (a) the direct control interests in the company of that type that the person holds at that time; and
 (b) the direct control interests in the company of that type held at that time by associates of the person.
 (2) In calculating the associate‑inclusive control interest that a person holds in a company, a direct control interest held because of subsection 15(5) is not to be counted under paragraph (1)(a) to the extent to which it is calculated by reference to a direct control interest in the company that is taken into account under paragraph (1)(b).