33Shares

33 Shares

(1)  Any shares held or power exercisable by a person as a trustee or nominee for any other person are to be treated as also held or exercisable by that other person.

(2)  Any shares held or power exercisable by a person under the provisions of any debentures of another company or of a trust deed for securing any issue of any debentures are to be disregarded.

(3)  Any shares held or power exercisable by, or by a nominee for, any person otherwise than as mentioned in subsection (2) are to be taken as not held or exercisable by that person if –

(a) the ordinary business of that person includes the lending of money; and

(b) [Section 33 Subsection (3) amended by No. 42 of 2001, Sched. 1, Applied:15 Jul 2001] the shares are held or the power is exercisable only by way of security given for the purposes of a transaction entered into in the ordinary course of business in connection with the lending of money, unless the transaction is entered into with a person associated with that person within the meaning of the Corporations Act.