Document ID: chunk:federal_register_of_legislation:F2024C00969:reg:19
Version: federal_register_of_legislation:F2024C00969
Segment Type: reg
Provision Reference: reg 19
Character Range: 23068–23729

19  Agents

Prescribed interest
 (1) An interest in a share is an interest of a prescribed kind if the interest exists solely as a result of an action taken by the interest‑holder in the interest‑holder's capacity as depositary or custodian for, or nominee of, another person.

Prescribed person
 (2) The interest‑holder mentioned in subsection (1) is a prescribed person if the interest‑holder does not:
 (a) hold a beneficial interest in the share; or
 (b) have authority, by proxy or any other arrangement with the holder of the beneficial interest, to exercise in a discretionary way the voting rights attaching to the share.

Division 4—Airline ownership