Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) For the purposes of a test, * shares that are beneficially owned by each of the following entities are taken to be beneficially owned instead by a person (who is not a company):
(a) the Commonwealth, a State or a Territory;
(b) a municipal corporation;
(c) a * local governing body;
(d) the government of a foreign country, or of part of a foreign country;
(e) a company, established under a law, in which no person has a * membership interest;
(f) a * non - profit company;
(g) a charity that is not a trust;
(h) a * complying superannuation fund;
(i) a superannuation fund that is established in a foreign country and is regulated under a * foreign law;
(j) a * complying approved deposit fund;
(k) a * special company;
(l) a * managed investment scheme.
(2) For the purposes of a test, * shares that are beneficially owned through a charity that is a trust are taken to be beneficially owned instead by a person (who is neither a company nor a trustee).