73Groups arising from tracing of interests in corporations

73 Groups arising from tracing of interests in corporations (1) An entity and a corporation form part of a group if the entity has a controlling interest in the corporation. (2) For this section, an entity has a controlling interest in a corporation if the corporation has share capital and— (a) the entity has a direct interest in the corporation and the value of the direct interest exceeds 50%; or (b) the entity has an indirect interest in the corporation and the value of the indirect interest exceeds 50%; or

(c) the entity has an aggregate interest in the corporation and the value of the aggregate interest exceeds 50%. (3) Division 5.3 (Business groups—tracing of interests in corporations) applies to this section. Note Division 5.3 sets out the way of working out if an entity has a direct interest, indirect interest or aggregate interest in a corporation, and the value of the interest.