South Australian Consolidated Acts South Australian Consolidated Acts159—Presumption that shares held non-beneficially
(1) A person is deemed
to hold particular shares non-beneficially if the person—
(a)
holds the shares in a capacity other than that of sole beneficial owner; or
(b)
without limiting paragraph (a), holds the shares as trustee for, as
nominee for, or otherwise on behalf of or on account of, another person.
(2) A person is deemed
to hold shares beneficially at a particular time unless the person holds the
shares non-beneficially at that time.