Commonwealth Consolidated Acts Commonwealth Consolidated ActsA corporation (the transferee corporation ) passes the reporting transfer test in relation to a facility if:
(a) the facility is under the operational control of another corporation (the transferor corporation ); and
(b) the transferee corporation has financial control over the facility; and
(c) the transferee corporation is a company registered under Part 2A.2 of the Corporations Act 2001 ; and
(d) the transferee corporation is a constitutional corporation; and
(e) if the transferee corporation is a member of a controlling corporation's group--the transferor corporation is not a member of that group; and
(f) the transferor corporation is a member of a controlling corporation's group.
Note: For financial control , see section 22R.