Reporting transfer test
22J Reporting transfer test
A corporation (the transferee corporation) passes the reporting transfer test in relation to a facility if:
the facility is under the operational control of another corporation (the transferor corporation); and
the transferee corporation has financial control over the facility; and
the transferee corporation is a company registered under Part 2A.2 of the Corporations Act 2001; and
the transferee corporation is a constitutional corporation; and
if the transferee corporation is a member of a controlling corporation’s group—the transferor corporation is not a member of that group; and
the transferor corporation is a member of a controlling corporation’s group.
For financial control, see section 22R.
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