QLDIn ForceAct
Duties Act 2001
sec.402What is a subsidiary
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### sec.402 What is a subsidiary
A company (the first company ) is a subsidiary of another company if at least 90% of the issued shares in the first company are owned, other than as trustee, and voting control of the first company is held, by 1 or more of the following companies—
the other company;
1 or more other subsidiaries of the other company;
the other company and 1 or more other subsidiaries of the other company.
- (a) the other company;
- (b) 1 or more other subsidiaries of the other company;
- (c) the other company and 1 or more other subsidiaries of the other company.