Document ID: chunk:federal_register_of_legislation:C2024C00541:section:31:p2
Version: federal_register_of_legislation:C2024C00541
Segment Type: section
Provision Reference: s 31 (pt 2/2)
Character Range: 44568–45971

basis that the person is the child of the other person.
 (2B) This section does not prevent a PDF from merging with another PDF as mentioned in section 32A.
 (3) For the purposes of subparagraph (c)(ii) of the definition of associate in subsection (2), the question whether companies are related to each other is to be determined in the same manner as the question whether bodies corporate (within the meaning of the Corporations Act 2001) are related to each other is determined under the Corporations Act 2001.
 (4) For the purposes of subparagraph (c)(iii) of the definition of associate in subsection (2), a person holds a substantial ownership interest in a company if the total of all amounts paid on the shares in the company in which the person holds interests equals or exceeds 15% of the total of all amounts paid on all shares in the company.
 (5) For the purposes of subsection (4):
 (a) a person holds an interest in a share if the person has any legal or equitable interest in the share; and
 (b) without limiting the generality of paragraph (a), a person holds an interest in a share if the person, although not the registered holder of the share, is entitled to exercise, or control the exercise of, a right attached to the share, otherwise than because the person has been appointed as a proxy or representative to vote at a meeting of members of a company or of a class of its members.