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 |