Document ID: chunk:federal_register_of_legislation:C2024C00844:section:4:p2
Version: federal_register_of_legislation:C2024C00844
Segment Type: section
Provision Reference: s 4 (pt 2/10)
Character Range: 25764–28503

control of which is in Australia; or
 (d) in which one or more persons who are ordinarily resident in Australia hold more than 50% of the beneficial interests in the income or property of the unit trust; or
 (e) that is listed for quotation in the official list of a stock exchange in Australia.
Australian water access entitlement means a perpetual or ongoing entitlement, by or under a law of a State or Territory, to exclusive access to a share of the water resources of an area in the State or Territory.
authorised officer means a person appointed as an authorised officer under subsection 101E(1).
business includes any activity carried on by:
 (a) the Commonwealth, a State, a Territory or a local governing body; or
 (b) a body corporate established for a public purpose by or under a law of the Commonwealth, a State or a Territory; or
 (c) an entity wholly owned by the Commonwealth, a State, a Territory, a local governing body or a body corporate covered by paragraph (b).
change in control has the meaning given by section 54.
civil penalty provision has the same meaning as in the Regulatory Powers Act.
commercial land means land in Australia or the seabed of the offshore area, other than land:
 (a) used wholly and exclusively for a primary production business; or
 (b) on which there is at least one dwelling (except commercial residential premises); or
 (c) on which the number of dwellings (except commercial residential premises) that could reasonably be built is less than the number prescribed by the regulations for the purposes of subparagraph (a)(ii) of the definition of residential land in this section.
commercial residential premises has the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999.
Commonwealth, State or Territory body includes a Department of State, or an authority or agency, of the Commonwealth, a State or a Territory.
consideration has the meaning prescribed by the regulations.
constituent document of an entity or unincorporated limited partnership means any rules or other document constituting or establishing the entity or partnership or governing its activities, and includes:
 (a) for a corporation—the constitution of the corporation; and
 (b) for a unit trust—the trust deed for the trust; and
 (c) for an unincorporated limited partnership—the partnership agreement.
contractual water right of a person means a right that the person holds (alone or jointly) under a contract or a deed to all or part of another person's:
 (a) registrable water entitlement; or
 (b) water allocation; or
 (c) right of a kind specified in the regulations.
controls:
 (a) the voting power—has the meaning given by section 23; and
 (b) an entity or business—has the meaning given