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Section 5AB - Payment Systems and Netting Act 1998 - Meaning of subsidiary — Zoe

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Payment Systems and Netting Act 1998

5ABMeaning of subsidiary

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#### 5AB Meaning of subsidiary For the purposes of this Act, the question whether a body corporate is a subsidiary of another body corporate is to be determined in the same way as that question is determined for the purposes of the Corporations Act 2001.

Previous section5AAMeaning of related body corporate Next section5ASecurity given over a person’s right to require payment or performance of an obligation