##### 8C  Meanings of subsidiary and holding entity ###### Meaning of subsidiary - \(1\) A corporate entity \(the lower entity\) is a subsidiary of another corporate entity \(the higher entity\) if: - \(a\) the higher entity: - \(i\) is in a position to control more than half the voting power in the lower entity; or - \(ii\) holds more than half the issued securities in the lower entity \(disregarding any securities that carry no right to participate beyond a specified amount in a distribution of either profits or capital\); or - \(b\) the lower entity is a subsidiary of a corporate entity that is the higher entity’s subsidiary \(including because of one or more applications of this subsection\)\. ###### Meaning of holding entity - \(2\) A corporate entity \(the higher entity\) is a holding entity of another corporate entity \(the lower entity\) if the lower entity is a subsidiary of the higher entity\. --- ## Source and attribution Saved copy: C2018A00029 / C2026C00213 / f578e546a17068939a3a5a928474713f844dfae8 Scope: navPoint\_15 Compiled 2026\-06\-04\. This does not establish legal commencement\. Official source: https://www\.legislation\.gov\.au/C2018A00029/2026\-06\-04/2026\-06\-04/text/1/epub/OEBPS/document\_1/document\_1\.html Licence: https://creativecommons\.org/licenses/by/4\.0/ Based on content from the Federal Register of Legislation at 1 October 2026\. For the latest information on Australian Government legislation please go to https://www\.legislation\.gov\.au\. Converted XHTML into Tiptap JSON; recovered lists from paragraph classes; kept literal labels and text\. Print layout is changed\. The Commonwealth Coat of Arms is not covered by the CC BY licence\.