WORKERS REHABILITATION AND COMPENSATION ACT 1988 - SECT 105A Wholly-owned subsidiary
WORKERS REHABILITATION AND COMPENSATION ACT 1988 - SECT 105A
Wholly-owned subsidiary
(1) The Board may endorse on a permit the name of one or more wholly-owned subsidiaries of the permit holder.(2) While the name of a subsidiary is endorsed on a permit, the subsidiary is taken to be covered by the permit.(3) The Board may at any time amend an endorsement on a permit by adding, altering or deleting the name of a subsidiary.(4) An amendment to a permit (a) is made by the Board giving notice of it to the permit holder; and(b) takes effect on the day the notice is given or on a later day specified in the notice.(5) A company which holds a permit and any subsidiary covered by the permit are jointly and severally liable for any contribution required to be made to any fund by the subsidiary under this Act.(6) A permit (a) may be subject to conditions under this Act relating to the obligations of a subsidiary covered by the permit; and(b) may be cancelled or suspended under this Act because of the acts or omissions of the subsidiary.(7) In this section,wholly-owned subsidiary has the same meaning as in the Corporations Law .