ANNEX 1:: MINOR CHANGES IN THE LAW MADE BY THE BILL Note
Section 290(2) and (6) of this Act do not specify that the company that is not yet part of the group has to be a qualifying 90% subsidiary. But the relevant company in section 290 has also to comply with other requirements such as those in sections 291, 293 and 294. This will determine whether the new subsidiary is required to be a qualifying subsidiary or a qualifying 90% subsidiary.