80Meaning of landholding—pt 3.2

80 Meaning of landholding—pt 3.2 (1) For this part, a landholding is any interest in land, other than the interest of a mortgagee, chargee or other secured creditor or a profit à prendre. Note Interest—see the dictionary. (2) However, an interest in land is not a landholding of— (a) a private company unless the interest of the company is a beneficial interest; or (b) a private unit trust scheme unless the interest is held by the trustees in their capacity as trustees of the scheme. (3) This section is in aid of, but does not limit, the operation of any provision of this part providing for constructive ownership of interests. (4) For this part, the vendor and the purchaser under an uncompleted agreement for the sale of land are taken to be separately entitled to the whole of the land. (5) To remove any doubt, an agreement for the sale of land includes an agreement under which a Crown lease is granted to the purchaser.