ato logo
Search Suggestion:

Australian-owned resident private entities

Last updated 11 December 2019

Approximately 72% of Australian private entities in the transparency population are linked to groups controlled by wealthy individuals, including high wealth individuals. The groups consist of close to 11,000 linked entities, including companies, trusts, partnerships and super funds.

Figure 28: Share of entities by tax payable category, 2017–18

Of the 423 Australian private corporate entities in scope for the transparency report in 2017–18, 314 (74%) had a tax liability and 109 (26%) did not. Among those that did not have a tax liability, 46 (11%) incurred an accounting loss, 23 (5%) incurred a tax loss, five (1%) utilised offsets and 35 (8%) utilised losses from prior years.

QC60880