Document ID: chunk:federal_register_of_legislation:F2025C00184:reg:22k:p2
Version: federal_register_of_legislation:F2025C00184
Segment Type: reg
Provision Reference: reg 22K (pt 2/2)
Character Range: 184397–185575

the joint venture;
 (iii) the second person shares the economic benefits from the facility with the other participant;
 (iv) the second person's share equals or exceeds the share of the other participant; or
 (f) all of the following conditions are satisfied:
 (i) the second person is a participant in a joint venture;
 (ii) there are 2 or more other participants in the joint venture;
 (iii) the second person shares the economic benefits from the facility with the other participants;
 (iv) no other participant has a share of the economic benefits from the facility; or
 (g) all of the following conditions are satisfied:
 (i) the second person is a partner in a partnership;
 (ii) there are 2 or more other partners in the partnership;
 (iii) the second person shares the economic benefits from the facility with the other partners;
 (iv) no other partner has a share that exceeds the share of the second person; or
 (h) the second person is able to direct or sell the output of the facility.
 (5) In determining whether the second person has that financial control, regard must be had to the economic and commercial substance of the matters mentioned in subregulation (4).