Document ID: chunk:federal_register_of_legislation:C2014C00749:clause:13_16
Version: federal_register_of_legislation:C2014C00749
Segment Type: clause
Provision Reference: sch 13 cl 16
Character Range: 189347–189852

16  After section 960‑135
Insert:

960‑140  Ordinary membership interest
  A *membership interest in a *corporate tax entity is an ordinary membership interest if:
 (a) in the case of a membership interest in a *company—it is an ordinary share; and
 (b) in the case of a membership interest in a *corporate limited partnership—it is an interest in the income of the partnership; and
 (c) in the case of a membership interest in a *corporate unit trust or *public trading trust—it is a unit in the trust.