Document ID: chunk:federal_register_of_legislation:C2004A03409:body:0:p18
Version: federal_register_of_legislation:C2004A03409
Segment Type: other
Provision Reference: 
Character Range: 42893–45596

or
        (iv) the spouse of a person referred to in sub-paragraph (i), (ii) or (iii);".
Paragraph 30 (1) (d)—
     (a) Omit "a loan to, debenture of or share in", substitute "an amount due from, a loan to, debenture of, or a share in,".
(b) After "approved the", insert "amount,".
Sub-section 30 (2)—
(a) After "or part of", insert "an amount due from,".
(b) After "approve the", insert "amount,".
(c) After "such part of the", insert "amount,".
Sub-section 30 (2a)—
After "in relation to", insert "an amount due from,".
Paragraph 30 (2a) (a)—
(a) After "value of the" (first occurring) insert "amount,".
(b) After "other", insert "amounts due from,".
(c) After "not consisting of, insert "amounts due from,".
Paragraph 30 (2a) (b)—
Before "loan" insert "amount,".
Sub-section 30 (2b)—
Omit "a loan", substitute "an amount, loan".
Section 30—
After sub-section (5), insert the following sub-section:
"(5a) Where an approval has been given under sub-section (2), (3) or (4), or a determination has been made under sub-section (2), (4) or (5), and it appears at any time to the Commissioner that the approval or determination is no longer necessary or should be varied, the Commissioner shall, by notice in writing served on the body corporate concerned, revoke or vary the approval or determination, as the case may be.".
Sub-section 30 (6)—
(a) Omit from paragraph (c) "and".
(b) Add at the end the following word and paragraph:
SCHEDULE 1—continued
"; and (e) a decision made under sub-section (5a).".
Section 30—
Add at the end the following sub-section:
"(7) Where—
(a) a body corporate holds units in a unit trust and—
        (i) the number of those units exceeds 25% of the total number of units issued by the trust; or
        (ii) the value of those units exceeds 25% of the total value of units issued by the trust; or
     (b) a body corporate is related to a body corporate that is a trustee in respect of a unit trust,
this section applies as if the trust were a body corporate related to the first-mentioned body corporate and as if a reference to a share in a body corporate were a reference to a unit issued by the trust.".
Sub-section 31 (3)—
After "direction," insert "or as at a specified date,".
Sub-section 33 (3)—
Omit "sub-section (4) and (6)", substitute "sub-section (4), (6) or (6a), whichever is applicable,".
Section 33—
After sub-section (6), insert the following sub-section:
"(6a) Notwithstanding sub-sections (4) and (6), where an asset of a body corporate (in this sub-section referred to as the 'shareholding body') consists of shares issued by a related body corporate (in this sub-section referred to as the 'share-issuing body') that is authorised under this Act to