In Relation to the Decision in Industrial Equity Ltd V

question 50

Multiple Choice

In relation to the decision in Industrial Equity Ltd v Blackburn [1977] HCA 59 which of the following statements is NOT correct?

• A)Holding and subsidiary companies have separate legal obligations.
• B)A holding company must pay tax on the dividends of a subsidiary.
• C)A holding company can pay a dividend out of a subsidiary company's profits.
• D)A holding company is a separate legal entity from a subsidiary.

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Definitions:

Biome

Large community of plants and animals that occupies a distinct region defined by its climate, flora, and fauna.

Desert Soils

Soils found in desert regions characterized by low moisture content, minimal organic matter, and often high salinity levels, supporting limited plant life.

Organic Material

Substance made up of organic compounds originating from the remnants of organisms like plants and animals, including their waste in the natural surroundings.

Mineral Content

The specific types and amounts of minerals found within a substance, organism, or environment, crucial for nutrition and various physical properties.