Document ID: chunk:federal_register_of_legislation:C2007A00056:clause:3_28
Version: federal_register_of_legislation:C2007A00056
Segment Type: clause
Provision Reference: sch 3 cl 28
Character Range: 34518–35150

28  Subsection 719‑30(2)
Repeal the subsection, substitute:

 (2) For the purposes of this Division, in determining whether an entity is a *wholly‑owned subsidiary of another entity, disregard:
 (a) particular *shares in a company if the shares are covered by subsection (3) and the total number of those shares is not more than 1% of the number of ordinary shares in the company; and
 (b) particular *membership interests in an entity if the membership interests are covered by subsection (5) and the total number of those membership interests is not more than 1% of the number of membership interests of that kind in the entity.