Queensland Consolidated Acts Queensland Consolidated Acts
Parent companies —
Company A owns 90% of the shares in, and has voting control over, companies B and E. Under section 401 , company A is the parent company of companies B and E.
Company B owns 90% of the shares in, and has voting control over, company C. Under section 401 , company B is the parent company of company C.
Company C owns 90% of the shares in, and has voting control over, company D. Under section 401 , company C is the parent company of company D.
No company is the parent company of company F, because no company holds 90% of its issued shares, and has voting control, over it.
Subsidiaries —
Under section 402 —
• companies B and E are subsidiaries of company A
• company C is a subsidiary of company B and, because company B is a subsidiary of company A, company C is also a subsidiary of company A
• company D is a subsidiary of company C and, because company C is a subsidiary of companies B and A, company D is also a subsidiary of companies A and B.
• company F is a subsidiary of company A because company A, with its subsidiary company E, holds 90% of the issued shares in, and has voting control over, company F.
Group companies —
Under section 400 (2) , all the companies are group companies because companies B, C, D, E and F are subsidiaries of company A.
Corporate group —
Under section 400 (4) , the corporate group comprises the group companies A, B, C, D, E and F.