(1) This section operates to ensure that an entity (the test entity ) is not prevented from being a * wholly - owned subsidiary of a company, just because there is a trust that is not a * fixed trust interposed between the test entity and the company.
(2) For the purposes of this Division, in determining whether the test entity is a * wholly - owned subsidiary of the company, assume that the interposed trust is a * fixed trust and all its objects are beneficiaries.