A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 190.1 90% owned groups

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 190.1

    Two companies are members of the same 90% owned group if:

  (a)   one of the companies has * at least a 90% stake in the other company; or

  (b)   a third company has * at least a 90% stake in each of the two companies.