Land Tax Act 2004

In this part:

a corporation incorporated outside Australia; or

a corporation in which 1 or more foreign people hold a controlling interest.

A corporation is taken to be a corporation mentioned in subsection (1), definition of foreign corporation, paragraph (b) if, taking their interests together, 1 or more foreign people, or associated people of the foreign people—

are entitled to cast, or control the casting of, 50% or more of the maximum number of votes at a general meeting of the corporation; or

hold 50% or more of the shares in the corporation.