sec.242Definitions for pt 4

### sec.242 Definitions for pt 4 In this part— foreign acquirer means an acquirer who is a foreign person. foreign acquirer’s interest , under a relevant transaction, means the proportion that the share of the foreign acquirer under the transaction bears to the total of the shares of all acquirers under the transaction. Under a relevant transaction that is a relevant acquisition on which landholder duty is imposed, person A (a foreign acquirer) and person B (not a foreign acquirer) each acquire a 45% interest in a public landholder. The proportion of person A’s share under the transaction is 50% (a 45% interest of a total interest of 90% acquired under the transaction). Person A’s foreign acquirer’s interest is therefore 50%. s 242 def foreign acquirer’s interest amd 2017 No. 20 s 10 s 242 prev s 242 om 2005 No. 60 s 11 pres s 242 ins 2016 No. 37 s 9