16AMeaning of interest of a specified percentage in a business

#### 16A Meaning of interest of a specified percentage in a business A person holds an interest of a specified percentage in a business if the value of the interests in assets of the business held by the person, alone or together with one or more associates of the person, is that specified percentage of the value of the total assets of the business. > Note 1: See also paragraph (a) of the definition of acquire. > Note 2: A percentage may be specified by referring to: (a) “20%”; or (b) “any percentage”; or (c) a “direct interest”; or (d) a percentage that a person holds in other assets.