Document ID: chunk:federal_register_of_legislation:C2025C00014:section:327a:p3
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 327A (pt 3/3)
Character Range: 1878686–1879839

person at that time.

Extended meaning of eligible share interest: tiers of companies
 (5) For the purposes of this section, if:
 (a) a person holds an eligible share interest (including an eligible share interest that is taken to be held because of one or more previous applications of this subsection) in a company (in this subsection called the first level company); and
 (b) the first level company holds an eligible share interest in another company (in this subsection called the second level company);
the person is taken to hold an eligible share interest in the second level company equal to the percentage calculated using the formula:

where:
First level percentage means the percentage of the eligible share interest held by the person in the first level company.
Second level percentage means the percentage of the eligible share interest held by the first level company in the second level company.

Definitions
 (6) In this section:
eligible listed company has the meaning given by subsection (2).
eligible share interest  has the meaning given by subsections (4) and (5).
recognised finance share has the meaning given by subsection (3).