Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section operates to ensure that an entity (the test entity ) is not prevented from being a * subsidiary member of a * consolidated group or * consolidatable group just because there is a trust that is not a * fixed trust interposed between the test entity and the * head company of the group.
(2) This Part (except Division 719) operates as if the test entity were a * wholly‑owned subsidiary of the * head company if the test entity would have been a wholly‑owned subsidiary of the head company had the interposed trust been a * fixed trust and all its objects been beneficiaries.