Commonwealth Consolidated Acts Commonwealth Consolidated ActsA * company (the holding company ) has at least a 90% stake in another company (the subsidiary company ) if the holding company:
(a) controls, or is able to control, at least 90% of the voting power in the subsidiary company (whether directly, or indirectly through one or more interposed companies); and
(b) has the right to receive (whether directly, or indirectly through one or more interposed companies) at least 90% of any * dividends that the subsidiary company may pay; and
(c) has the right to receive (whether directly, or indirectly
through one or more interposed companies) at least 90% of any distribution of
capital of the subsidiary company.