12Interpretation—when one entity controls another

#### 12 Interpretation—when one entity controls another 12 Interpretation—when one entity controls another > > (1) For the purposes of Divisions 4 (Accounts) and 5 (Audit) of Part 4 (Management), an entity controls another entity if the entity is a subsidiary of the first entity. > > > (2) Despite subsection (1), a regulation may make provision for determining, for the purposes of those Divisions as they apply in relation to a society in relation to prescribed financial years, whether or not an entity controls another entity. > > > (3) (Repealed) > > **s 12:** Am 2016 No 27, Sch 1.9 \[3\].