Document ID: chunk:federal_register_of_legislation:C2004A00897:clause:1_1
Version: federal_register_of_legislation:C2004A00897
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 14188–15007

1                                   the entity (the relevant entity) is one or both of the following throughout a period that is all or a part of an income year:                                                                the relevant entity is not a *financial entity, nor an *ADI, at any time during that period  the relevant entity is an outward investor (general) for that period
                                    (a) an *Australian controller of at least one *Australian controlled foreign entity (not necessarily the same Australian controlled foreign entity throughout that period);
                                    (b) an Australian entity that carries on a *business at or through at least one *overseas permanent establishment (not necessarily the same permanent establishment throughout that period)