Related corporations
All corporations that meet the definition of related companies provided in the Corporations Act 2001 are grouped. Companies are taken to be related if 2 or more companies are:
a holding company and a subsidiary
both subsidiaries of the same holding company.
Any related companies paying Australian wages are grouped, even if they have a holding company overseas.
The related corporations grouping only applies to companies.
Exclusion provisions: Companies grouped under this provision cannot apply for an exclusion from the group.
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Last updated: 17-Jun-2011