Co-operatives National Law (NSW)

This clause applies for the purposes of this Part.

Power to vote in relation to a right to vote is power to exercise, or to control the exercise of, the right to vote.

A reference to power to dispose of a share includes a reference to power to exercise control over the disposal of the share.

A reference to power or control includes a reference to power or control that is direct or indirect or is, or can be, exercised because of, by means of, in breach of, or by revocation of, trusts, agreements and practices, or any of them, whether or not they are enforceable.

Power to vote in relation to a right to vote, or power to dispose of a share, that is exercisable by 2 or more persons jointly is taken to be exercisable by either or any of those persons.

A reference to a controlling interest includes a reference to an interest that gives control.