(1) For the purposes of this Act, a "transmission easement holder" is a transmission company that holds a transmission easement.
(2) A transmission company holds a transmission easement if the transmission easement has been—
(a) acquired by the transmission company; or
(b) granted to, or reserved in favour of, the transmission company; or
(c) created by statute in favour of, or vested by statute in, the transmission company.
(3) If a transmission company uses an easement of a related body corporate of that company—
(a) that easement is, for the purposes of this Act, deemed to be a transmission easement; and
(b) the transmission company is, for the purposes of this Act, deemed to be a transmission easement holder and may be assessed for tax as if it held the transmission easement.
(4) If the Commissioner is satisfied that a transmission company should not be liable for land tax under Division 4 of Part 2 on an easement referred to in sub-section (3), having regard to—
(a) the nature of the easement; and
(b) any other matters the Commissioner considers relevant—
the Commissioner may treat the easement as not being a transmission easement for the purposes of this Act.
(5) In this section—
"related body corporate" has the same meaning as in section 50 of the Corporations Act.