Document ID: chunk:federal_register_of_legislation:C2015A00150:clause:1_9
Version: federal_register_of_legislation:C2015A00150
Segment Type: clause
Provision Reference: sch 1 cl 9
Character Range: 30517–31815

9  Meaning of interest in a security
 (1) A person holds or acquires an interest in a security if he or she has any legal or equitable interest in that security.
Note 1: For other rules relating to interests in securities, see sections 13 to 15.
Note 2: See also section 19 (tracing of substantial interests in corporations and trusts).
 (2) Without limiting subsection (1), a person holds or acquires an interest in a security in an entity if:
 (a) the person is not the registered holder of the security; and
 (b) the person is entitled to exercise or control the exercise of a right attached to the security (other than because he or she was appointed as a proxy or representative).
 (3) In determining whether a person holds or acquires an interest in a security, it is immaterial that the interest cannot be related to a particular security.

Issued shares in a corporation
 (4) A person holds or acquires an interest in the issued shares in a corporation if:
 (a) all or part of the share capital of the corporation consists of stock; and
 (b) the person holds an interest in that stock.
 (5) For the purposes of this Act, the issued shares are taken to have:
 (a) the same nominal amount as the amount of that stock; and
 (b) the same rights attached to them as are attached to that stock.