Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) An entity's direct voting percentage at a particular time in a company is:
(a) if the entity has a voting interest (within the meaning of section 334A of the Income Tax Assessment Act 1936 ) in the foreign company at that time amounting to a percentage of the voting power of the company--that percentage; or
(b) otherwise--zero.
(2) In applying section 334A of the Income Tax Assessment Act 1936 for the purposes of subsection (1) of this section, assume that:
(a) the entity is a company; and
(b) the entity is not the beneficial owner of a * share in the company if a trust or partnership is interposed between the entity and the company.