Duties Act 1997
94Definitions
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94 Definitions
94 Definitions
In this Division—
corporation has the same meaning as in the Corporations Act 2001 of the Commonwealth.
land includes any estate or interest in land.
land tax has the same meaning as in the Land Tax Management Act 1956.
principal shareholder in a corporation means—
(a) any person (other than a corporation) whose voting entitlement (whether or not through the holding of shares) in the corporation is 50% or more, or
(b) any person (other than a corporation) who has a voting entitlement (whether or not through the holding of shares) in the corporation where all the persons who have a voting entitlement in the corporation have an equal voting entitlement.
shareholder includes member.
special trust has the same meaning as in the Land Tax Management Act 1956.
voting entitlement has the meaning given by section 95.
s 94: Am 2001 No 34, Sch 4.14 [7].