sec.168What is an entity’s property

### sec.168 What is an entity’s property An entity’s property means the entity’s interest in any property other than a security interest or interest in a trust. Also, an entity’s property includes any property under subsection (1) held by the entity for a partnership of which the entity is a partner. Also, an entity’s property includes any property under subsection (1) or (2) of a subsidiary of the entity as if a reference in the subsection to an entity were a reference to the subsidiary. Despite subsections (1) to (3) , the entity’s property does not include— for a corporation—property held on trust by the corporation or a subsidiary of it unless the corporation or any subsidiary of it is a beneficiary of the trust; or for a listed unit trust—property held on trust by a subsidiary of it unless the listed unit trust or any subsidiary of it is a beneficiary of the trust. s 168 sub 2011 No. 20 s 80 amd 2019 No. 20 s 10 (sec.168-ssec.1) An entity’s property means the entity’s interest in any property other than a security interest or interest in a trust. (sec.168-ssec.2) Also, an entity’s property includes any property under subsection (1) held by the entity for a partnership of which the entity is a partner. (sec.168-ssec.3) Also, an entity’s property includes any property under subsection (1) or (2) of a subsidiary of the entity as if a reference in the subsection to an entity were a reference to the subsidiary. (sec.168-ssec.4) Despite subsections (1) to (3) , the entity’s property does not include— for a corporation—property held on trust by the corporation or a subsidiary of it unless the corporation or any subsidiary of it is a beneficiary of the trust; or for a listed unit trust—property held on trust by a subsidiary of it unless the listed unit trust or any subsidiary of it is a beneficiary of the trust. - (a) for a corporation—property held on trust by the corporation or a subsidiary of it unless the corporation or any subsidiary of it is a beneficiary of the trust; or - (b) for a listed unit trust—property held on trust by a subsidiary of it unless the listed unit trust or any subsidiary of it is a beneficiary of the trust.