FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 11 Meaning of interest in a trust
FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 11
Meaning of interest in a trustA person holds or acquires an interest in a trust if:
(a) the person holds or acquires a beneficial interest in the income or property of the trust; or
(b) the person holds or acquires an interest in a unit in a unit trust.
Note 1: For other rules relating to interests in trusts, see sections 13 to 15.
Note 2: See also section 19 (tracing of substantial interests in
corporations, trusts and unincorporated limited partnerships).