QLDIn ForceAct
Building Boost Grant Act 2011
sec.20Meaning of ultimately owned
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sec.20 Meaning of ultimately owned
Shares in a corporation (the relevant property ) or trust interests in a trust (also the relevant property ) are ultimately owned by an entity (the ultimate owner ) if, through a series of entities owning shares in corporations or trust interests in trusts, or a combination of any of them, there is a connection between the relevant property and the ultimate owner.