Section YC 5B — Income Tax Act 2007: Treatment of mixed-ownership enterprises

YC 5B Treatment of mixed-ownership enterprises (1) Section YC 5 applies to the Crown’s interest in a mixed-ownership enterprise in the same way as it does to the Crown’s interest in a special corporate entity to determine— (a) who is treated as holding those shares and related rights that represent the Crown’s interest in the enterprise: (b) how those shares and related rights are treated as being held. Transitional provision for changes in status (2) If a special corporate entity changes its status to become a mixed-ownership enterprise, no breach of shareholding arises in relation to the Crown’s interest. Defined in this Act: mixed-ownership enterprise , share , special corporate entity Section YC 5B: inserted, on 30 June 2012, by section 11 of the Public Finance (Mixed Ownership Model) Amendment Act 2012 (2012 No 45).