QUEEN'S WHARF BRISBANE ACT 2016 - SECT 13
Meaning of holding entity
QUEEN'S WHARF BRISBANE ACT 2016 - SECT 13
Meaning of holding entity
(1) An entity (the
"second entity" ) is the
"holding entity" of another entity (the
"first entity"
"" ) if the first entity is a subsidiary of the second entity . (2) For
deciding whether the first entity is a subsidiary of the second entity , if the
first entity is a trustee of a trust and the second entity holds interests in
the trust, the definition subsidiary applies with any necessary changes as
if— (a) the trust were a body corporate; and (b) interests in the trust
were shares in the body corporate; and (c) a meeting of members of the trust
were a general meeting of the body corporate; and (d) the appointment of a
trustee for the trust were the election of the directors of the body
corporate; and (e) if the second entity holds the interests in the
first entity as a trustee of a trust—that trust were a body corporate.
http://www.austlii.edu.au/au/legis/qld/consol_act/qwba2016209/s13.html