Queensland Consolidated Acts Queensland Consolidated ActsA person who makes a trust acquisition in a land holding trust makes a majority trust acquisition if--
(a) the person, or the person and related persons of the person (whether alone or jointly), acquire a trust interest in the trust of 50% or more; or
(b) the person, or related persons of the person (whether alone or jointly), acquire a trust interest in the trust that, when aggregated with trust interests already held by the person and related persons of the person (whether alone or jointly), is 50% or more.