The concept of “related bodies corporate” is often used in the Corporations Act for many of its purposes requiring linkage of corporations. It is also a concept referred to in the Australian.. Related body corporate. For the purposes of section 50 of the Corporations Act 2001 (Cth), a body corporate is related to a second body corporate if it is: The holding company of another body corporate. The subsidiary of another body corporate. The subsidiary of a holding company of another body corporate. The first body corporate is a related.
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Corporations Act 2001 No. 50, 2001 Compilation No. 79 Compilation date: 1 July 2017 Includes amendments up to: Act No. 75, 2017 Registered: 6 July 2017 This compilation is in 6 volumes Volume 1: sections 1-260E Volume 2: sections 283AA-601DJ Volume 3: sections 601EA-742 Volume 4: sections 760A-993D. Under s.50 of the Corporations Act (“the Act”), a ‘related body corporate’ is limited to a subsidiary company or a hol ding (parent) company in a corporate group. “Corporate legal practitioners” however are often expected, for quite sound reasons, to advise other entities which may not fit neatly within the
