Income Tax Assessment Act 1997
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Hide history noteSECTION 880-130 Meaning of public non-financial entity and public financial entity 880-130(1)
An entity is a public non-financial entity if its principal activity is either or both of the following:
(a) producing or trading non-financial goods;
(b) providing services that are not financial services.
880-130(2)
An entity is a public financial entity if any of the following requirements are satisfied:
(a) it trades in financial assets and liabilities;
(b) it operates commercially in the financial markets;
(c) its principal activities include providing any of the following financial services:
(i) financial intermediary services, including deposit-taking and insurance services;
(ii) financial auxiliary services, including brokerage, foreign exchange and investment management services;
(iii) capital financial institution services, including financial services in relation to assets or liabilities that are not available on open financial markets.
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