Document ID: chunk:federal_register_of_legislation:C2005A00147:clause:1_71
Version: federal_register_of_legislation:C2005A00147
Segment Type: clause
Provision Reference: sch 1 cl 71
Character Range: 23330–24544

71  After section 165‑200
Insert:

165‑202  Shares held by government entities and charities etc.

 (1) For the purposes of a test, *shares that are beneficially owned by each of the following entities are taken to be beneficially owned instead by a person (who is not a company):
 (a) the Commonwealth, a State or a Territory;
 (b) a municipal corporation;
 (c) a local governing body;
 (d) the government of a foreign country, or of part of a foreign country;
 (e) a company, established under a law, in which no person has a *membership interest;
 (f) a *non‑profit company;
 (g) a charitable institution, a charitable fund or any other kind of charitable body (other than such an institution, fund or body that is a trust).

 (2) For the purposes of a test, *shares that are beneficially owned through a charitable institution, a charitable fund, or any other kind of charitable body, that is a trust are taken to be beneficially owned instead by a person (who is neither a company nor a trustee).

165‑203  Companies where no shares have been issued

  For the purposes of a test, if no *shares have been issued in a company, each *membership interest in the company is taken to be a share in the company.