(2) In this Part, "beneficial owner", in relation to a trust, means any of the following:
(a) any individual who is entitled to a vested interest in possession, remainder or reversion, whether or not the interest is defeasible, in the capital of the trust property;
(b) in the case of a trust other than one that is set up or operates entirely for the benefit of individuals referred to in paragraph (a), the class of individuals in whose main interest the trust is set up or operates;
(c) any individual who has control over the trust;
(d) the settlor;
(e) the trustee;
(f) the protector.
(3) For the purposes of and without prejudice to the generality of subsection (2), an individual who is the beneficial owner of a body corporate that -
(a) is entitled to a vested interest of the kind referred to in subsection (2) (a), or
(b) has control over the trust,
is taken to be entitled to the vested interest or to have control over the trust (as the case may be).
(4) Except as provided