Document ID: chunk:federal_register_of_legislation:C2023A00076:clause:2_20
Version: federal_register_of_legislation:C2023A00076
Segment Type: clause
Provision Reference: sch 2 cl 20
Character Range: 37175–37836

20  Section 9 (definition of interest)
Repeal the definition, substitute:
interest:
 (a) interest in relation to land includes:
 (i) a legal or equitable estate or interest in the land; or
 (ii) a right, power or privilege over, or in relation to, the land; and
 (b) interest in a managed investment scheme (including a notified foreign passport fund) means a right to benefits produced by the scheme (whether the right is actual, prospective or contingent and whether it is enforceable or not); and
 (c) in Part 5D.5 (limit on control of licensed trustee companies) interests of clients of a licensed trustee company—has a meaning affected by section 601VCB.