QLDIn ForceAct
Duties Act 2001
sec.401What is a parent company
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### sec.401 What is a parent company
A company is the parent company of another company if—
it directly owns, other than as trustee, at least 90% of the issued shares in the other company; and
has voting control over the other company.
- (a) it directly owns, other than as trustee, at least 90% of the issued shares in the other company; and
- (b) has voting control over the other company.