Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section operates to ensure that an entity (the test entity ) is not prevented from being a * subsidiary member of a * consolidated group or * consolidatable group just because there is a trust that is not a * fixed trust interposed between the test entity and the * head company of the group.
(2) This Part (except Division 719) operates as if the
test entity were a * wholly - owned subsidiary of the * head company if the
test entity would have been a wholly - owned subsidiary of the head company
had the interposed trust been a * fixed trust and all its objects been
beneficiaries.