Duties Act 2001

The share interest, of a person in a transferee corporation, is the person’s entitlement as a shareholder of the corporation, expressed as a percentage of the total value of the transferee corporation’s property that would be distributed if—

the corporation were to be wound up; and

the property were distributed immediately after the person acquired the interest in the corporation.

For subsection (1), the entitlement of a person on a distribution of a transferee corporation’s property is taken to be the entitlement of a person on a distribution of a corporation’s property under section 161, as if a reference in that section to a corporation were a reference to a transferee corporation.