Document ID: chunk:federal_register_of_legislation:C2018A00124:clause:1_1
Version: federal_register_of_legislation:C2018A00124
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 2349–2927

1  Subsection 177A(1)
Insert:
foreign entity participant:
 (a) if a beneficiary of a trust estate or a partner in a partnership is a foreign entity, the trust estate or partnership has a foreign entity participant; and
 (b) if a trust estate or partnership has a foreign entity participant (including through a previous operation of this paragraph):
 (i) a trust of which the trust estate or partnership is a beneficiary also has a foreign entity participant; and
 (ii) a partnership in which the trust estate or partnership is a partner also has a foreign entity participant.