Document ID: chunk:federal_register_of_legislation:F2015L01998:body:0:p17
Version: federal_register_of_legislation:F2015L01998
Segment Type: other
Provision Reference: 
Character Range: 53622–57531

Property trusts represent investment trusts that provide exposures to investment in real estate where the earnings and capital value are dependent on cash flows generated by the property through sale or rental income.

                                                   Infrastructure trusts represent investment trusts that provide exposure to investments in the basic physical systems of a country, state or region including transportation, communication, utilities, and public institutions.

Cash management trusts                             Represents a unit trust which is governed by a trust deed which generally confines its investments (as authorised by the trust deed) to financial securities available through the short-term money market. Cash management trusts issue units in the trust that are redeemable by the unit holder on demand.

                                                   Includes: retail trusts and wholesale trusts.

                                                   Excludes: cash management accounts with banks or other deposit-taking institutions (included as deposits).

Retail trusts                                      Represents a collective investment vehicle with units on issue which provides exposure to a diversified portfolio of investments and can be accessed by retail clients, at low entry levels, as defined in the Corporations Act 2001.

Wholesale trusts                                   Represents a collective investment vehicle that provides exposure to a diversified portfolio of investments and can be accessed by wholesale clients only, at high entry levels, as defined in the Corporations Act 2001.

                                                   Excludes: retail unit trusts; agricultural trusts; film trusts

Pooled superannuation trusts                       Represents a type of collective investment trust where an investment manager invests the assets of superannuation funds, approved deposit funds and other pooled superannuation trusts.

                                                   Excludes: unitised investments with life companies where the original or primary investment is an insurance or investment policy.

Investment companies                               Represents incorporated corporations whose main purpose is to invest in equities. They may be listed on stock exchanges or unlisted. Those quoted on Australian Securities Exchange (ASX) are called Listed Investment Companies (LICs).

Other financial institutions                       Represents financial institutions that are not elsewhere classified.

                                                   Includes: domestic clearing houses (e.g. ASX clear, ASX clear (Futures)); economic development corporations owned by governments; co-operative housing societies.

Other residents                                    Represents resident entities excluding those classified in the financial corporations sector.

General Government

Australian Commonwealth government  Represents the provider of non-market goods and services, principally financed by taxes and hence, provided free of charge or at nominal prices, well below the cost of production. Australian Commonwealth government entities are primarily financed from taxation revenue.

                                    Includes: departments such as the Commonwealth Department of Finance, the Department of Defence, the ABC and the SBS, the Australian Film Commission, CSIRO, universities; sovereign funds established by Australian Commonwealth government.

                                    Excludes: government business enterprises (GBEs) such as the Export Finance and Insurance Corporation (included as trading enterprises owned by the Australian Commonwealth government or financial institutions as appropriate); departments of the state governments, the ACT and the Northern Territory.

Households