Commentary on Sections Overview Overview Section 394: Meaning of “material interest” in section 393
1104.This section defines “material interest” for the purposes of section 393(4)(a). It is based on section 360A(1) of ICTA.
1105.The source legislation does not give the meaning of “control”. Subsection (5) makes it clear that it is the definition in section 416 of ICTA which applies. The same definition is applied in section 395.