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Agents Act 2003
82Meaning of beneficial interest and obtains a beneficial
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82 Meaning of beneficial interest and obtains a beneficial
interest for div 5.6
beneficial interest in land includes—
(a) a lease of the land; and
(b) an option for the purchase of the land or a lease of the land; and
(c) a general power of appointment over the land.
obtains a beneficial interest—a person (including an agent or
assistant property agent) obtains a beneficial interest in land if a
beneficial interest in the land is obtained by—
(a) the person; or
(b) a family member of the person; or
(c) a corporation with not more than 100 members that the person,
or a family member of the person, is a member of; or
(d) a subsidiary of a corporation mentioned in paragraph (c); or
(e) a corporation that the person, or a family member of the person,
is an executive officer of; or
(f) the trustee of a trust that the person, or a family member of the
person, is a beneficiary of, if the interest is obtained on behalf of
the trust; or
(g) a member of a firm or partnership that the person, or a family
member of the person, is a member of; or
(h) someone else carrying on a business if the person, or a family
member of the person, has a direct or indirect right to participate
in the profits of the business.