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Insurance Acquisitions and Takeovers Act 1991
14Associate‑inclusive control interest in a company
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#### 14 Associate‑inclusive control interest in a company
(1) A particular type of associate‑inclusive control interest that a person holds in a company at a particular time is the aggregate of:
(a) the direct control interests in the company of that type that the person holds at that time; and
(b) the direct control interests in the company of that type held at that time by associates of the person.
(2) In calculating the associate‑inclusive control interest that a person holds in a company, a direct control interest held because of subsection 15(5) is not to be counted under paragraph (1)(a) to the extent to which it is calculated by reference to a direct control interest in the company that is taken into account under paragraph (1)(b).