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Term Definition

indirect interest

Term	Definition
indirect interest	An entity has an indirect interest in a corporation if the corporation is linked to another corporation (the directly controlled corporation) in which the entity has a direct interest. A corporation is linked to a directly controlled corporation if the corporation is part of a chain of corporations: (a) that starts with the directly controlled corporation, and (b) in which a link in the chain is formed if a corporation has a direct interest in the next corporation in the chain.
instrument	A cheque, bill of exchange, promissory note, money order and postal order issued by a post office.
ITAA	Income Tax Assessment Act 1936 of the Commonwealth

An entity has an indirect interest in a corporation if the corporation is linked to another corporation (the directly controlled corporation) in which the entity has a direct interest.

A corporation is linked to a directly controlled corporation if the corporation is part of a chain of corporations:

(a) that starts with the directly controlled corporation, and

(b) in which a link in the chain is formed if a corporation has a direct interest in the next corporation in the chain.

instrument

A cheque, bill of exchange, promissory note, money order and postal order issued by a post office.

ITAA

Income Tax Assessment Act 1936 of the Commonwealth