Document ID: chunk:federal_register_of_legislation:C2010C00578:clause:2_28
Version: federal_register_of_legislation:C2010C00578
Segment Type: clause
Provision Reference: sch 2 cl 28
Character Range: 49308–50027

28  After subsection 820‑946(2)
Insert:

 (2A) An *equity interest in the entity is an excluded equity interest at a particular time during the relevant period if, and only if:
 (a) if subsection (1) does not apply to the holder of the interest for all or part of the relevant period:
 (i) the entity is an *associate of the holder; and
 (ii) at that time, the interest has been *on issue for a period of less than 180 days; or
 (b) if subsection (1) applies to the holder for all or part of the relevant period:
 (i) the entity is an associate of the holder; and
 (ii) at that time, the interest has been on issue for a period of less than 180 days; and
 (iii) the interest is covered by subsection (3) at that time.