Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 413D

413D What is a share interest

(1) The
"share interest" , of a person in a transferee corporation, is the person’s entitlement as a shareholder of the corporation, expressed as a percentage of the total value of the transferee corporation’s property that would be distributed if—

(a) the corporation were to be wound up; and

(b) the property were distributed immediately after the person acquired the interest in the corporation.

(2) For subsection (1) , the entitlement of a person on a distribution of a transferee corporation’s property is taken to be the entitlement of a person on a distribution of a corporation’s property under section 161 , as if a reference in that section to a corporation were a reference to a transferee corporation.