Document ID: chunk:federal_register_of_legislation:C2025C00029:section:5:p2
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 5 (pt 2/2)
Character Range: 7706654–7708104

the entity's *direct participation interest in the other entity at that time; and
 (b) the entity's *indirect participation interest in the other entity at that time.

960‑185  Indirect participation interest
 (1) Work out the indirect participation interest that an entity (the holding entity) holds at a particular time in another entity (the test entity) by multiplying:
 (a) the holding entity's *direct participation interest (if any) in another entity (the intermediate entity) at that time;
by:
 (b) the sum of:
 (i) the intermediate entity's direct participation interest (if any) in the test entity at that time; and
 (ii) the intermediate entity's indirect participation interest (if any) in the test entity at that time (as worked out under one or more other applications of this section).
 (2) If there is more than one intermediate entity to which paragraph (1)(a) applies at that time, the holding entity's indirect participation interest is the sum of the percentages worked out under subsection (1) in relation to each of those intermediate entities.

960‑190  Direct participation interest
 (1) Use the following table to work out the direct participation interest that one entity holds in another entity.

Direct participation interest
                               If the other entity is this kind of entity:                                     the direct participation interest that the first entity holds in the other entity is: