Foreign Acquisitions and Takeovers Act 1975
PART 1
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PRELIMINARY
Division 2
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Definitions
Subdivision B
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Some defined terms and rules of interpretation
SECTION 11A
11A
MEANING OF
INTEREST
IN AN UNINCORPORATED LIMITED PARTNERSHIP
A person holds an interest in an unincorporated limited partnership if the person: (a) is in a position to control all or any of the voting power or potential voting power in the partnership; or (b) is entitled to any or all of the distributions of capital, assets or profits of the partnership on the dissolution of the partnership; or (c) is entitled to any or all of the distributions of capital, assets or profits of the partnership otherwise than on the dissolution of the partnership.
View history note
Hide history noteA person holds an interest in an unincorporated limited partnership if the person: (a) is in a position to control all or any of the voting power or potential voting power in the partnership; or (b) is entitled to any or all of the distributions of capital, assets or profits of the partnership on the dissolution of the partnership; or (c) is entitled to any or all of the distributions of capital, assets or profits of the partnership otherwise than on the dissolution of the partnership.
Note: See also section 19 (tracing of substantial interests in corporations, trusts and unincorporated limited partnerships).
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