CTHRepealedLegislation
Financial Sector (Collection of Data) (reporting standard) determination No. 12 of 2018
SubsidiarySubsidiary
Start here
Get a plain-English read of Subsidiary
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 12 of 2018.
Subsidiary
This is defined in accordance with the definition provided in AASB 127 Consolidated and Separate Financial Statements (AASB 127) as “an entity that is controlled by another entity (known as the parent)” unless otherwise instructed by APRA.
Control is defined by AASB 127 as “the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities”.