South Australian Current Acts

LAND TAX ACT 1936 - SECT 13H

13H—What is a controlling interest in a corporation?

For the purposes of this Division, a person has, or persons have together, a controlling interest in a corporation if—

            (a)         that person, or those persons acting together, can control the composition of the board of the corporation; or

            (b)         that person is, or those persons acting together are, in a position to cast or control the casting of more than 50% of the maximum number of votes that might be cast at a general meeting of the corporation; or

            (c)         that person holds, or those persons acting together hold, more than 50% of the issued share capital of the corporation.