Queensland Consolidated Acts Queensland Consolidated Acts(1) A person has an interest in a landholder if the person has an entitlement as a shareholder or unit holder to a distribution of the landholder's property—
(a) for a corporation—on its winding up; or
(b) for a listed unit trust—on its termination.
(2) A person has a significant interest in a landholder if the person has an interest in the landholder of—
(a) for a private landholder—50% or more; or
(b) for a public landholder—90% or more.