Document ID: chunk:federal_register_of_legislation:C2021C00358:clause:1_26
Version: federal_register_of_legislation:C2021C00358
Segment Type: clause
Provision Reference: sch 1 cl 26
Character Range: 17086–18015

26  At the end of section 8
Add:
 (3) Without limiting subsection (1), a business is taken to be an Australian business for the purposes of this Act if:
 (a) the business is carried on wholly or partly in Australia, whether or not in anticipation of profit or gain, by:
 (i) the Commonwealth, a State, a Territory or a local governing body; or
 (ii) a body corporate established for a public purpose by or under a law of the Commonwealth, a State or a Territory; or
 (iii) an entity wholly owned by the Commonwealth, a State, a Territory, a local governing body or a body corporate covered by subparagraph (ii); and
 (b) the business would, or could, be carried on in anticipation of profit or gain if it were carried on by someone other than:
 (i) a body referred to in subparagraph (a)(i) or (ii); or
 (ii) an entity referred to in subparagraph (a)(iii); or
 (iii) a foreign government; or
 (iv) a separate government entity.