(1) Section 167, heading, 'a corporation's'—
omit, insert—
'an entity's'.
(2) Section 167(1), 'A corporation's'—
omit, insert—
'An entity's'.
(3) Section 167(1)(a) and (b), 'the corporation's'—
omit, insert—
'the entity's'.
(4) Section 167(1)(b) and (c), 'the corporation'—
omit, insert—
'the entity'.
(5) Section 167(2) and (3)—
omit, insert—
'(2) Also, an entity's land-holdings includes the land-holdings, under subsection (1), of a subsidiary of the entity as if a reference in the subsection to an entity were a reference to the subsidiary.
'(3) Despite subsections (1) and (2), an entity's land-holdings do not include—
(a) for a corporation—land-holdings held on trust by the corporation or a subsidiary of it unless the corporation or any subsidiary of it is a beneficiary of the trust; or
(b) for a listed unit trust—land-holdings held on trust by a subsidiary of it unless the listed unit trust or any subsidiary of it is a beneficiary of the trust.'.