Document ID: chunk:federal_register_of_legislation:C2024C00549:section:11
Version: federal_register_of_legislation:C2024C00549
Segment Type: section
Provision Reference: s 11
Character Range: 128627–129615

11  Stake in a company
 (1) A particular type of stake that a person holds in a company at a particular time is the aggregate of:
 (a) the direct control interests in the company of that type that the person holds at that time; and
 (b) the direct control interests in the company of that type 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 12(5) 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).
 (3) For the purpose of calculating the total of the stakes of a particular type that a group of persons holds in a company, if a particular stake that a person holds in a company would be counted more than once because the person is an associate of one or more other persons in the group, that interest is to be counted only once.