56QInterest and significant interest in corporation

56Q Interest and significant interest in corporation (1) A person has an interest in a corporation if the person has or would have, on the winding up of the corporation, an entitlement as a shareholder to a distribution of the corporation's property. (3) A person's interest in a corporation is the person's entitlement expressed as a percentage of the value of all of the corporation's property that would be distributed if the corporation were wound up immediately after the person acquires the interest. (4) A person has a significant interest in a corporation if the person's entitlement, as mentioned in subsection (3), is: (a) for a listed corporation or listed unit trust scheme: (i) for a merger vesting of shares – 50% or more of all the property of the corporation or scheme; or (ii) otherwise – 90% or more of all the property of the corporation or scheme; or (b) for another corporation or unit trust scheme – 50% or more of all the property of the corporation or scheme.