1207E
In forceMajority voting interest in a company
Volume 4Chapter 3, Part 3.12A to Chapter 6, sections 1157A-1263, Schedule 1A
Chapter 3General provisions relating to payability and rates
Part 3.18Means test treatment of private companies and private trusts
Division 1Introduction
1207E Majority voting interest in a company
For the purposes of this Part, an entity or entities hold a majority voting interest in a company if the entity or entities are in a position to cast, or control the casting of, more than 50% of the maximum number of votes that might be cast at a general meeting of the company.
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