Document ID: chunk:federal_register_of_legislation:F2024L00434:body:0:p10
Version: federal_register_of_legislation:F2024L00434
Segment Type: other
Provision Reference: 
Character Range: 34831–40439

subsidiaries; and
                                                                       * non-financial investment syndicates that are not open to public subscription.

                                                                  It excludes:

                                                                       * publicly listed property trusts.  Report these under private non-financial investment funds; and
                                                                       * unincorporated businesses that are not branches of non-resident companies or joint ventures, or partnerships owned by corporations.  Report unincorporated businesses other than those listed above under private unincorporated businesses.

Other superannuation funds                                        Means funds established to provide benefits for their members on retirement, resignation, death or disablement that are regulated by APRA. A superannuation fund usually takes the legal form of a trust fund.

                                                                  This includes all superannuation funds that are regarded as complying funds for the purposes of the Superannuation Industry (Supervision) Act 1993 (SIS Act) and other autonomous funds established for the benefit of public sector employees.

                                                                  Superannuation funds with all of their assets invested with insurance offices are included.

                                                                  It includes:

                                                                       * pooled superannuation trusts;
                                                                       * public sector superannuation funds (including exempt public sector superannuation schemes (EPSSS);
                                                                       * private sector superannuation funds;
                                                                       * approved deposit funds; and
                                                                       * superannuation funds established by life insurance corporations.

                                                                  It excludes:

                                                                       * self-managed superannuation funds.  Report these under self-managed superannuation funds;
                                                                       * retirement savings accounts. Report these under households; and
                                                                       * the Future Fund.  Report this under Commonwealth general government.

Private and public sector businesses                              Means community service organisations, non-financial businesses and financial institutions.

                                                                  It excludes:

                                                                       * households; and
                                                                       * general government.

Private non-financial businesses                                  Means private non-financial investment funds, other private non-financial corporations and private unincorporated businesses.

Private non-financial corporations                                Means private non-financial investment funds and other private non-financial corporations.

Private non-financial investment funds                            Means collective investment schemes, such as trusts or corporations, in which investment funds are pooled and invested in predominantly long-term non-financial assets such as property or infrastructure.  They raise funds by issuing shares or units to the public, either via a prospectus or a distribution channel such as a platform.  Investors are able to dispose of their holdings through well-developed secondary markets such as a stock exchange or through readily accessible redemption facilitates.  Usually the management of funds is undertaken by a licensed fund manager external to the fund.

                                                                  It includes:

                                                                       * infrastructure funds (e.g. airports, pipelines);
                                                                       * listed and unlisted property trusts (where the funds are predominantly invested in Australian property); and
                                                                       * property common funds.

                                                                  It excludes:

                                                                       * film funds.  Report these in other private non-financial corporations;
                                                                       * non-financial investment syndicates that are not open to public subscriptions.  Report these under other private non-financial corporations;
                                                                       * agricultural investment funds.  Report these under other private non-financial corporations;
                                                                       * funds predominantly investing in financial assets.  Report these under financial institutions; and
                                                                       * funds with overseas property investments.  Report these under non-money-market financial investment funds.

Private unincorporated businesses