Western Australian Current Acts Western Australian Current Acts For the purposes of
section 154A, if a partnership is an entity in an ownership chain referred to
in that section —
(a) an
entity has an interest in the partnership if the entity is a partner in the
partnership or, in the case of a unit trust scheme, the trustee, as trustee of
the scheme, is a partner in the partnership; and
(b) the
partnership has an interest in an entity if the partnership property is or
includes the interest; and
(c) the
percentage of the interest that the entity immediately above the partnership
in the ownership chain has in the partnership is taken to be the greater of
the following —
(i)
the percentage of the capital of the partnership that the
entity has contributed or is required to contribute;
(ii)
the percentage of the losses of the partnership that the
entity is required to bear.
[Section 153B inserted: No. 12 of 2019 s. 62.]