Document ID: chunk:federal_register_of_legislation:C2005C00443:clause:1_3:p6
Version: federal_register_of_legislation:C2005C00443
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 6/6)
Character Range: 33677–35020

assume that:
 (a) the entity is a company; and
 (b) the entity is not the beneficial owner of a *share in the company if a trust or *partnership is interposed between the entity and the company.

768‑555  Indirect voting percentage in a company

 (1) An entity's indirect voting percentage at a particular time in a company (the subsidiary company) is worked out by multiplying:
 (a) the entity's *direct voting percentage (if any) in another company (the intermediate company) at that time;
by:
 (b) the sum of:
 (i) the intermediate company's direct voting percentage (if any) in the subsidiary company at that time; and
 (ii) the intermediate company's indirect voting percentage (if any) in the subsidiary company at that time (as worked out under one or more other applications of this section).

 (2) If there is more than one intermediate company to which subsection (1) applies at that time, the entity's indirect voting percentage is the sum of the percentages worked out under subsection (1) in relation to each of those intermediate companies.

768‑560  Total voting percentage in a company

  An entity's total voting percentage at a particular time in a company is the sum of:
 (a) the entity's *direct voting percentage in the company at that time; and
 (b) the entity's *indirect voting percentage in the company at that time.