Western Australian Current Acts

GOVERNMENT TRADING ENTERPRISES ACT 2023 - SECT 4

4 .         Term used: subsidiary

        (1)         In this Act —

        subsidiary means an entity that is the subsidiary of another entity under subsection (2) or (3).

        (2)         The Corporations Act Part 1.2 Division 6 applies for the purpose of determining whether one entity is a subsidiary of another.

        (3)         An entity ( entity B ) is a subsidiary of another ( entity A ) if —

            (a)         entity B is a unit trust, joint venture or partnership; and

            (b)         entity A has an interest in, or other rights in connection with, entity B entitling entity A to —

                  (i)         control the composition of the governing body of entity B; or

                  (ii)         cast, or control the casting of, more than one-half of the maximum number of votes that might be cast at a general meeting of entity B; or

                  (iii)         control the business affairs of entity B.