INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
For the purposes of this Division, a company group consists of any collection of 2 or more companies each of which is a group company in relation to each of the others.
220AAI(2) [Criteria for group company]For the purposes of this section, a company is a group company in relation to another company 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. 220AAI(3) [Criteria for 100% subsidiary]
A company (the subsidiary company ) is a 100% subsidiary of another company (the holding company ) if all the shares in the subsidiary company are beneficially owned by:
(a) the holding company; or
(b) one or more 100% subsidiaries of the holding company; or
(c) the holding company and one or more 100% subsidiaries of the holding company. 220AAI(4) [Company other than subsidiary]
A company (other than the subsidiary company) is a 100% subsidiary of the holding company if, and only if:
(a) it is a 100% subsidiary of the holding company; or
(b) it is a 100% subsidiary of a 100% subsidiary of the holding company;
because of any other application or applications of this section.
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