(1) The Authority may endorse on a licence granted under this Division the name of one or more wholly owned subsidiaries of the licence holder. While the name of a company is endorsed on an employer's licence, the company is taken to be covered by the licence.
(2) The Authority may at any time amend such an endorsement by adding, altering or deleting the name of a company. An amendment is made by the Authority giving notice of it to the licence holder and takes effect on the day notice is given or on a later day specified in the notice.
(3) A company which holds a licence under this Division and any subsidiary covered by the licence are jointly and severally liable for any contribution required to be made to any fund under this Act by the subsidiary.
(4) The licence of a company under this Division--(a) may be subject to conditions under this Act relating to the obligations of a subsidiary covered by the licence, and(b) may be cancelled or suspended under this Act because of the acts or omissions of the subsidiary.
(5) The meaning of
"wholly owned subsidiary" is the same as in the Corporations Act 2001 of the Commonwealth.