Document ID: chunk:federal_register_of_legislation:F2024C01235:reg:17:p2
Version: federal_register_of_legislation:F2024C01235
Segment Type: reg
Provision Reference: reg 17 (pt 2/2)
Character Range: 52335–53749

members) who hold rights in the scheme;
 (iii) an individual member is not able to influence any individual investment decisions, or the management of any individual investments, of the corporation, trustee or general partner under the scheme; and
 (c) each foreign government or separate government entity that holds an interest in the corporation, unit trust or unincorporated limited partnership holds the interest only as a member of the scheme.
 (3) Two or more persons (who are not associates of each other), hold an aggregate interest of a specified percentage in an unincorporated limited partnership if they, together with any one or more associates of any of them:
 (a) are in a position to control at least that percentage of the voting power or potential voting power in the partnership; or
 (b) are entitled to at least that percentage of the total distributions of capital, assets or profits of the partnership on the dissolution of the partnership; or
 (c) are entitled to at least that percentage of the total distributions of capital, assets or profits of the partnership otherwise than on the dissolution of the partnership.
 (4) For the purposes of subsection (3), in determining the percentage of voting power or potential voting power that a person is in a position to control in an unincorporated limited partnership, disregard any votes that the person controls as a proxy or representative.