Document ID: chunk:federal_register_of_legislation:C2024A00023:clause:2_122
Version: federal_register_of_legislation:C2024A00023
Segment Type: clause
Provision Reference: sch 2 cl 122
Character Range: 115287–115858

122  Subsection 995‑1(1) (paragraph (a) of the definition of financial entity)
Repeal the paragraph, substitute:
 (a) an entity that:
 (i) is a registered corporation under the Financial Sector (Collection of Data) Act 2001; and
 (ii) at the particular time, carries on a *business of providing finance, but not predominantly for the purposes of providing finance directly or indirectly to, or on behalf of, the entity's associates; and
 (iii) in the income year in which the particular time occurs, derives all, or substantially all, of its profits from that business;