Commentary on Sections Overview Overview Section 296: The control and independence requirement
891.This section requires that:
	any company that the relevant company controls (on its own or together with connected persons) is a qualifying subsidiary of the relevant company;
	the relevant company is not controlled by another company (on its own or together with connected persons); and
	there are no arrangements which could lead the relevant company to fail either of these tests.
It is based on paragraph 9 of Schedule 28B to ICTA.