Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A pooled interest in an * eligible tier - 1 company that is a member of a * MEC group is a * membership interest in the eligible tier - 1 company that is held by an entity that is not a member of the group.
Note: A membership interest in the head company of a MEC group can be a pooled interest.
(2) Despite subsection (1), a * membership interest is not a pooled interest if it is:
(a) a * share that is disregarded under subsection 719 - 30(2); or
(b) held by an entity only as a nominee of one or more other entities each of which is a member of the group.