LAND TAX ACT 2005 - SECT 48 What is a controlling interest in a corporation?

LAND TAX ACT 2005 - SECT 48

For the purposes of this Division, a person has, or persons have together, a "controlling interest" in a corporation if—

        (a)     that person, or those persons acting together, can control the composition of the board of the corporation; or

        (b)     that person is, or those persons acting together are, in a position to cast or control the casting of more than 50% of the maximum number of votes that might be cast at a general meeting of the corporation; or

        (c)     that person holds, or those persons acting together hold, more than 50% of the issued share capital of the corporation.