81Meaning of effective control

### 81 Meaning of effective control > [*\[Section 81 Substituted by No. 60 of 2013, s. 12, Applied:01 Mar 2014\]*](/view/html/inforce/2014-03-01/act-2013-060#GS12@EN) > > > (1)  For the purposes of this Part, a person has effective control of property if, although the person may not have a legal interest in the property, the property is – > > > > > > (a) directly or indirectly subject to the control of the person; or > > > > > > > (b) held for the ultimate benefit of the person. > > > (2)  Without limiting [subsection (1)](#GS81@Gs1@EN) , when determining whether or not a person has effective control of any property, the following matters may be taken into account: > > > > > > (a) any shareholdings in, debentures over or directorships of any corporation that has a direct or indirect interest in the property; > > > > > > > (b) any trust that has a relationship to the property; > > > > > > > (c) family, domestic and business relationships between persons having an interest in – > > > > > > > > > > (i) the property; or > > > > > > > > > > > (ii) a corporation that has a direct or indirect interest in the property; or > > > > > > > > > > > (iii) a trust that has a relationship to the property; > > > > > > > (d) any other relevant matters.