(1) For the purposes of this Chapter, a
"land holding" is an interest in land other than the estate or interest of a
mortgagee, chargee or other secured creditor, subject to this section.
(2) An
interest in land is a land holding of a unit trust scheme only to the extent
that the interest is held by the trustee of the unit trust scheme in its
capacity as trustee of the scheme, by a custodian of the trustee of the unit
trust scheme in its capacity as custodian or by a sub-custodian of the
custodian of the trustee of the unit trust scheme in its capacity as
sub-custodian.