sec.159What are interests and significant interests in a landholder

### sec.159 What are interests and significant interests in a landholder A person has an interest in a landholder if the person has an entitlement as a shareholder or unit holder to a distribution of the landholder’s property— for a corporation—on its winding up; or for a listed unit trust—on its termination. A person has a significant interest in a landholder if the person has an interest in the landholder of— for a private landholder—50% or more; or for a public landholder—90% or more. s 159 amd 2006 No. 34 s 6 sub 2011 No. 20 s 69 (sec.159-ssec.1) A person has an interest in a landholder if the person has an entitlement as a shareholder or unit holder to a distribution of the landholder’s property— for a corporation—on its winding up; or for a listed unit trust—on its termination. (sec.159-ssec.2) A person has a significant interest in a landholder if the person has an interest in the landholder of— for a private landholder—50% or more; or for a public landholder—90% or more. - (a) for a corporation—on its winding up; or - (b) for a listed unit trust—on its termination. - (a) for a private landholder—50% or more; or - (b) for a public landholder—90% or more.