83Interest and significant interest in landholders—pt 3.2

83 Interest and significant interest in landholders—pt 3.2 (1) For this part, a person has an interest in a landholder if the person has an entitlement (otherwise than as a creditor or other person to whom the landholder is liable) to a distribution of property from the landholder on a winding-up of the landholder or otherwise. (2) A person who, under subsection (1), has an interest in a landholder has a significant interest in the landholder if the person, in the event of a distribution of all the property of the landholder immediately after the interest was acquired, would be entitled to at least 50% of the property distributed.

person includes an entity. Note Entity—see s 78A.