157BBeneficial owner—meaning

#### 157B Beneficial owner—meaning 157B Beneficial owner—meaning > > (1) If a person who acquires or holds an interest in a landholder acquires or holds that interest as bare trustee for another person, the other person is a beneficial owner of that interest in the landholder. > > > (2) If a person who is a beneficial owner of an interest in a landholder (whether as a result of subsection (1) or as a result of one or more applications of this subsection) holds that interest as bare trustee for another person, that other person is also a beneficial owner of that interest in the landholder. > > > (3) For the purposes of this Part, the ultimate beneficial owner of an interest in a landholder is any beneficial owner of the interest in the landholder who does not hold that interest as bare trustee for another person. > > **ch 4, pt 2A (ss 157A–157C):** Ins 2009 No 91, Sch 1 \[10\].