4Transmission easement holders

4 Transmission easement holders (1) For the purposes of this Act, a ***transmission easement holder*** is a transmission company that holds a transmission easement. (2) A transmission company holds a transmission easement if the transmission easement has been— (a) acquired by the transmission company; or (b) granted to, or reserved in favour of, the transmission company; or (c) created by statute in favour of, or vested by statute in, the transmission company. (3) If a transmission company uses an easement of a related body corporate of that company— (a) that easement is, for the purposes of this Act, deemed to be a transmission easement; and (b) the transmission company is, for the purposes of this Act, deemed to be a transmission easement holder and may be assessed for tax as if it held the transmission easement. (4) If the Commissioner is satisfied that a transmission company should not be liable for land tax under Division 4 of Part 2 on an easement referred to in subsection (3), having regard to— (a) the nature of the easement; and (b) any other matters the Commissioner considers relevant— the Commissioner may treat the easement as not being a transmission easement for the purposes of this Act. ***related body corporate*** has the same meaning as in section 50 of the Corporations Act.