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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 .