Victorian Repealed Acts

This legislation has been repealed.

Medical Practice Act 1994 - SECT 63H

Meaning of management role and substantial interest

63H. Meaning of management role and substantial interest



(1) For the purposes of sections 63A to 63G a person is to be treated as
having a management role or substantial interest in a body corporate if-

   (a)  the person is a director, secretary or executive officer of the body
        corporate; or

   (b)  in the case of a body corporate that is incorporated as a corporation
        limited by shares, the person is entitled to more than 10% of the
        issued share capital of the corporation (with the shares to which a
        person is entitled including shares in which the person or an
        associate of the person has a relevant interest within the meaning of
        the Corporations Act).

(2) For the purposes of sections 63A to 63G a person is to be treated as
having a substantial interest in a trust if the person (whether or not as the
trustee of another trust) is the beneficiary in respect of more than 10% of
the value of the interests in the trust.