Document ID: chunk:federal_register_of_legislation:C2020C00315:clause:1_10
Version: federal_register_of_legislation:C2020C00315
Segment Type: clause
Provision Reference: sch 1 cl 10
Character Range: 74889–75642

10  Holding a stake in a company
 (1A) A person holds a stake in a company at a particular time only if the person holds a direct control interest in the company.
 (1) The stake that a person holds in a company at a particular time is the aggregate of:
 (a) the direct control interests in the company that the person holds at that time; and
 (b) the direct control interests in the company held at that time by associates of the person.
 (2) In calculating the stake that a person holds in a company, a direct control interest held because of subclause 11(2) is not to be counted under paragraph (1)(a) to the extent to which it is calculated by reference to a direct control interest in the company that is taken into account under paragraph (1)(b).