When a legal entity owns shares for its own benefit, this is called a ‘beneficial holding’.
A ‘non-beneficial holding’ is when another legal entity holds shares on another’s behalf.
|Beneficial holding||Non-beneficial holding|
|A child under the age of 18||A parent or guardian|
|A trust||The trustee|
|A superannuation fund||The trustee|
|A partnership||All partners or the managing partner|