who know's the 24hr ip results of srh #3,#4,#5, page-20

Acreacge, cost to register a company are minimal. The main benefit is the Pty Ltd, ie limited liability. It protects the parent entity from default. This could be particularly important if GGP lost to Page. He really only has recourse against Kindee. It could end up saving GGP financially.

Also relevent with debt. Sometimes their are corporate gaurantees which means the subsiduary borrows the money but the parent is still liable. Other times the subsiduary can borrow in its own right. When they default, the parent is isolated from the damage.

Many of the Babcock and Brown companies successfully set up this way. During the GFC when they couldn't meet debt repayments the banks only had recourse against subsiduaries and the asset used as security. Eventually the whole house crumbled anyway. But gave them breathing space.

Whether 10 is enough or too much, who knows. Each would play a specific role either isolated by georaphic location or the exact purpose. You could put the leases into one company, then put the assets like drilling rig or offices into a seperate company. Then rent the offices at cost between entities. It's just about accounting and liability really.