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Corporate group

A group of two or more related bodies corporate. Two bodies corporate are related if any of the following are true:

  • one is a holding company of the other
  • one is a subsidiary of the other
  • one is a subsidiary of a holding company of the other.

Each is a separate legal entity with limited liability.

See

AML/CTF Act 2006 section 123 (12)

Corporations Act 2001 section 50