Income Tax Assessment Act 1997
A *membership interest in a *corporate tax entity is an ordinary membership interest if:
(a) in the case of a membership interest in a company - it is an ordinary share; and
(b) in the case of a membership interest in a *corporate limited partnership - it is an interest in the income of the partnership; and
(c) in the case of a membership interest in a *public trading trust - it is a unit in the trust.
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