Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p10
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 10/16)
Character Range: 7579567–7582599

a *public non‑financial entity;
 (ii) a *public financial entity (other than a public financial entity that only carries on central banking activities).

880‑130  Meaning of public non‑financial entity and public financial entity
 (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.
 (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.

Subdivision 880‑D—Consular activities

Guide to Subdivision 880‑D

880‑200  What this Subdivision is about
      This Subdivision provides a tax exemption for income of an entity that arises from its consular functions.

Table of sections

Operative provisions
880‑205 Income from consular functions—non‑assessable non‑exempt income

Operative provisions

880‑205  Income from consular functions—non‑assessable non‑exempt income
  An amount of *ordinary income or *statutory income of an entity is not assessable income and is not *exempt income if the income arises from the entity's consular functions.

Income Tax Assessment Act 1997

No. 38, 1997

Compilation No. 256

Compilation date: 1 January 2025

                Includes amendments: Act No. 136, 2024 and Act No. 138, 2024

This compilation is in 12 volumes

Volume 1: sections 1‑1 to 36‑55
Volume 2: sections 40‑1 to 67‑30
Volume 3: sections 70‑1 to 121‑35
Volume 4: sections 122‑1 to 197‑85
Volume 5: sections 200‑1 to 253‑15
Volume 6: sections 275‑1 to 313‑85
Volume 7: sections 315‑1 to 420‑70
Volume 8: sections 615‑1 to 721‑40
Volume 9: sections 723‑1 to 880‑205
Volume 10: sections 900‑1 to 995‑1
Volume 11: Endnotes 1 to 3
Volume 12: Endnotes 4 and 5

Each volume has its own contents

About this compilation

This compilation

This is a compilation of the Income Tax Assessment Act 1997 that shows the text of the law as amended and in force on 1 January 2025 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the