(ii) is a unitholder in a unit trust scheme and holds unitholdings in that unit trust scheme as a trustee of an absentee trust; or (iii) is a specified beneficiary of a discretionary trust in the capacity as a trustee of an absentee trust; has the meaning absentee controlling interest given in section 3A; means— absentee corporation corporation that is incorporated outside Australia; or corporation in which an absentee person has an absentee controlling interest; means an absentee person who is absentee owner an owner of land; absentee person natural person absentee; or absentee corporation; or trustee of an absentee trust; means a trust under which at least absentee trust one absentee beneficiary— a beneficial interest in land subject to a fixed trust; or a unitholder in a unit trust scheme; or a specified beneficiary of a discretionary trust; Australian citizen or resident
(ii) is a unitholder in a unit trust scheme and holds unitholdings in that unit trust scheme as a trustee of an absentee trust; or (iii) is a specified beneficiary of a discretionary trust in the capacity as a trustee of an absentee trust; absentee controlling interest has the meaning given in section 3A; absentee corporation means— corporation that is incorporated outside Australia; or corporation in which an absentee person has an absentee controlling interest; absentee owner means an absentee person who is an owner of land; absentee person natural person absentee; or absentee corporation; or trustee of an absentee trust; absentee trust means a trust under which at least one absentee beneficiary— a beneficial interest in land subject to a fixed trust; or a unitholder in a unit trust scheme; or a specified beneficiary of a discretionary trust; Australian citizen or resident
15-026a.docx