Glossary - Extra Details

Ultimate Holding Company

If one company controls another company and is itself not a subsidiary of another company, then it is called an ultimate holding company.

A company is a 'subsidiary' of another company, if (and only if) at least one of the following is the case:

1. the other company controls the composition of the company's board.
2. the other company is in a position to 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 the company.
3. The other company holds more than one-half of the issued share capital of the company (excluding any part of that issued share capital that carries no right to participate beyond a specified amount in a distribution of either profits or capital).

the company is a subsidiary of a subsidiary of the other company by virtue of (any or all of) (a), (b) or (c) above or any of the provisions of Division 6 of the Corporations Act 2001.

Applicant Details

This is the contact person/company for any issues with the application. This is also who eCompanies will invoice for the registration