18Interpretation

18 Interpretation corporate group means a group of corporations that are related because each corporation in the group is the parent corporation or a subsidiary of another corporation in the group. dormant, in relation to a corporation, means the corporation has not, during a specified period: (a) had any assets or liabilities other than share capital for subscriber shares or shares issued to replace subscriber shares of the same value on their redemption; or (b) been party to an agreement or a beneficiary or trustee of a trust; or (c) issued or sold any shares or rights relating to shares other than subscriber shares, rights relating to subscriber shares or shares issued to replace subscriber shares of the same value on their redemption.

Stamp Duty Act 1978 24 group corporation means a corporation that is a member of a corporate group (whether because it is the parent corporation or subsidiary of another member of the group). parent corporation means a corporation that owns at least 90% of the shares issued in, and has the voting control over, one or more other corporations, other than in the capacity of a trustee. subsidiary means a corporation under the control of another corporation because at least 90% of its shares are owned, and voting control over it is held, by: (a) another corporation; or (b) another corporation and one or more of its subsidiaries; or (c) one or more corporations that are subsidiaries of the same corporation, other than in the capacity of a trustee. (2) For the purposes of this Division, a corporation has voting control over another corporation when it is in a position to cast, or control the casting of, 90% or more of the maximum votes that can be cast at a general meeting of the other corporation other than under a debenture or trust deed securing the issue of a debenture.