What is an ultimate holding company?

An ultimate holding company controls or owns the new company. Section 9 of the Corporations Act defines ultimate holding company as ultimate holding company, in relation to a body corporate, means a body corporate that:

(a) is a holding company of the first-mentioned body; and
(b) is itself a subsidiary of no body corporate.

Most proprietary companies will not have an ultimate holding company. Seek legal advice if required.

Other questions in Company Registration

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