Document ID: chunk:federal_register_of_legislation:C2021C00358:clause:1_58
Version: federal_register_of_legislation:C2021C00358
Segment Type: clause
Provision Reference: sch 1 cl 58
Character Range: 39763–40279

58  At the end of section 40
Add:
 (7) However, the last condition in subsection (6) is not required to be met if:
 (a) paragraph (2)(b) applies and the action is or is to be taken by a foreign person who controls the entity (whether alone or together with one or more associates) immediately before the action is or is to be taken; or
 (b) paragraph (2)(c) applies and a foreign person controls the entity (whether alone or together with one or more associates) immediately before the action is or is to be taken.