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| | Schedule 3, page 170, line 11, after “rights” insert “— |
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| | | (a) | a reference to exercising voting rights in the entity is to be read as a |
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| | | reference to exercising rights in relation to the entity that are |
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| | | equivalent to those of a person entitled to exercise voting rights in a |
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| | Schedule 3, page 170, line 35, leave out from “person” to “if” in line 36 and insert |
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| | “holds a right “indirectly” ” |
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| | Schedule 3, page 170, line 38, leave out from “(a)” to “that” and insert “holds” |
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| | Schedule 3, page 170, line 43, leave out from “which” to “that” in line 44 and insert |
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| | Schedule 3, page 171, line 17, leave out from beginning to end of line 19 and |
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| | | 15A | A share held by a person as nominee for another is to be treated for the |
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| | | purposes of this Schedule as held by the other (and not by the nominee). |
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| | | Rights treated as held by person who controls their exercise |
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| | | 16 (1) | Where a person controls a right, the right is to be treated for the purposes of |
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| | | this Schedule as held by that person (and not by the person who in fact holds |
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| | | the right, unless that person also controls it). |
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| | | (2) | A person “controls” a right if, by virtue of any arrangement between that |
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| | | person and others, the right is” |
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| | Schedule 3, page 172, leave out lines 30 to 41 |
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| | Schedule 3, page 173, leave out line 10 |
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| | Schedule 3, page 174, line 25, leave out “is entitled to exercise” and insert “holds” |
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| | Schedule 3, page 174, line 26, leave out “is entitled to appoint or remove a |
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| | majority” and insert “holds the right to appoint or remove any member” |
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| | Schedule 3, page 174, line 29, leave out “entitlement” and insert “right” |
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| | Schedule 3, page 174, line 31, leave out from “is” to “and” in line 33 and insert “by |
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| | virtue of paragraph 15A or 16 of that Schedule, treated for the purposes of that Schedule |
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| | as held by a person other than the person who in fact holds the interest, both the holder” |
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| | | Bill read the third time, and passed. |
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