Income Tax Assessment Act 1997

CHAPTER 6 - THE DICTIONARY  

PART 6-1 - CONCEPTS AND TOPICS  

Division 975 - Concepts about companies  

Subdivision 975-W - Wholly-owned groups of companies  

SECTION 975-500   975-500   Wholly-owned groups  
Two companies are members of the same wholly-owned group if:

(a) one of the companies is a *100% subsidiary of the other company; or

(b) each of the companies is a *100% subsidiary of the same third company.