(1) This section applies for the purposes of calculating the total * TC control interests that a group of entities holds in a company, trust or partnership.
(2) Take into account a particular * TC direct control interest or * TC indirect control interest only once if it would otherwise be counted more than once because the entity holding it is an * associate entity of one or more entities in the group.
(2A) Subsection (2) does not apply to an * associate entity of one or more entities in the group if:
(a) the associate entity is a * foreign entity and the associate entity is such an associate entity only because of subsection 820-905(3A); or
(b) the associate entity is such an associate entity only because of subsection 820-905(3B).
(3) Take into account only one of the following things if both of them would otherwise be counted in calculating the total * TC control interests:
(a) the holding of a * TC direct control interest by an entity;
(b) an entitlement to acquire that TC direct control interest.
(4) The operation of this section in relation to a group of entities does not prevent the operation of section 820-820 in relation to an entity that is a member of that group.