147What are the “land holdings” of a landholder?

#### 147 What are the “land holdings” of a landholder? 147 What are the “land holdings” of a landholder? > > (1) For the purposes of this Chapter, a land holding is an interest in land other than the estate or interest of a mortgagee, chargee or other secured creditor, subject to this section. > > > (2) An interest in land is a land holding of a unit trust scheme only to the extent that the interest is held by the trustee of the unit trust scheme in its capacity as trustee of the scheme, by a custodian of the trustee of the unit trust scheme in its capacity as custodian or by a sub-custodian of the custodian of the trustee of the unit trust scheme in its capacity as sub-custodian. > > > (3) An interest in land is not a land holding of a company if the company holds the land on trust, but only if the company is not a beneficiary of the trust. > > > (4) This section is in aid of, but does not limit, the operation of any provision of this Chapter providing for constructive ownership of interests. > > Note. > > In relation to interests in land, see also clause 4 of the Dictionary. > > **s 147:** Ins 2009 No 51, Sch 1.2 \[2\]. Am 2009 No 91, Sch 1 \[4\] \[5\]; 2010 No 46, Sch 1.3 \[23\].