Tax Laws Amendment (2009 Budget Measures No. 2) Act 2009 (133 of 2009)
Schedule 1 Employee share schemes
Part 2 Consequential amendments
Income Tax Assessment Act 1997
74 Subsection 995-1(1) (definition of subsidiary )
Repeal the definition, substitute:
subsidiary : the question whether a company is a subsidiary of another company is to be determined in the same way as the question whether a corporation is a subsidiary of another corporation is determined under the Corporations Act 2001.
Note: The expression 100% subsidiary has the meaning given by section 975-505.