(1) A reference in
this Chapter to an interest in a landholder or other entity is to an
entitlement to the surplus property of the landholder or other entity if it
were to be wound up.
(2) A reference in
this Chapter to an interest in a landholder or other entity together
with —
(a) a
reference to a percentage; or
(b) a
reference to a percentage determined by the Commissioner,
is to an entitlement
to receive that percentage, or the percentage so determined, of the surplus
property of the landholder or other entity if it were to be wound up.
(3) This section has
effect subject to section 159.