(1) A reference in
this Chapter to an interest (other than a reference to an indirect interest)
in a landholder or other entity is to an entitlement to the surplus property
of the landholder or other entity if it were to be wound up.
(2) A reference in
this Chapter to an interest in a landholder or other entity together with
—
(a) a
reference to a percentage; or
(b) a
reference to a percentage determined by the Commissioner,
is to an entitlement
to receive that percentage, or the percentage so determined, of the surplus
property of the landholder or other entity if it were to be wound up.
(3) This section has
effect subject to sections 153A and 153B.
[Section 153 amended: No. 12 of 2019 s. 61.]