What does the Participation Exemption regime mean by a “ownership interest”?
The ownership interests include:
- Ordinary shares,
- Preferred shares,
- Redeemable shares,
- Membership and partner interests, and
- Other types of securities, capital contributions and rights that entitle the owner to receive profits and liquidation proceeds.
However, the above will only be treated as ownership interests where they are treated as equity under International Financial Reporting Standards (IFRS).
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