Document ID: chunk:federal_register_of_legislation:F2024L00434:body:0:p6
Version: federal_register_of_legislation:F2024L00434
Segment Type: other
Provision Reference: 
Character Range: 16826–21605

clearing houses are financial auxiliaries.

Commonwealth general government                                   Means Australian Commonwealth Government departments and agencies whose principal function is to provide non-market goods and services, principally financed by taxes, for free or at a price well below the cost of production. These entities regulate economic activity, maintain law and order and redistribute income and wealth by means of transfers.

                                                                  It includes:

                                                                       * departments and agencies such as Department of Finance, Department of Defence, Australian Broadcasting Corporation, Special Broadcasting Service, Australian Film Commission and CSIRO;
                                                                       * Commonwealth Government unincorporated enterprises that provide goods and services to the Australian Commonwealth Government and/or to the public for free or at prices that are not economically significant (e.g. government employee cafeterias, munitions factories);
                                                                       * non-profit institutions (NPIs) controlled and mainly financed (other than by grants) by the Commonwealth Government;
                                                                       * Commonwealth Government quasi-corporations that sell their output, at near market prices, exclusively to other government units (e.g. government printers and defence force housing schemes); and
                                                                       * public universities.

                                                                  It excludes:

                                                                       * government trading enterprises such as Australia Post. Report these under Commonwealth Government non-financial corporations, state, territory and local government non-financial corporations or financial institutions as appropriate;
                                                                       * departments of the state and territory governments.  Report these as state, territory and local general government;
                                                                       * the RBA and Commonwealth Government financial institutions such as Australian Industry Development Corporation and Export Finance and Insurance Corporation.  Report these under financial institutions as appropriate; and
                                                                       * NPIs credited for philanthropic purposes that are financed mainly from donations or government grants.  Report these under community service organisations.

Commonwealth Government non-financial corporations                Means those businesses that are owned and controlled by the Australian Commonwealth Government and that produce goods or non-financial services for sale at market prices.

                                                                  It includes: all resident trading enterprises owned 50% or more by the Commonwealth Government or controlled by the Commonwealth Government through legislation, decree or regulation (e.g. Australia Post, Australian Government Solicitor, Snowy Hydro Ltd, NBN Co Limited and Air Services Australia).

                                                                  It excludes:

                                                                       * government departments.  Report these as general government; and
                                                                       * government-owned financial institutions.  Report these under financial institutions.

Community service organisations                                   Means non-market operators providing goods and services to households for free or at prices that are not economically significant. Included here are non-profit institutions  (NPIs) that are mainly financed from household member subscriptions and produce benefits primarily for the household members and NPIs credited for philanthropic purposes that are financed mainly from donations or government grants.

                                                                  It includes:

                                                                       * aid agencies, charities, consumers associations, cultural clubs, learned societies,  political parties, recreational clubs, relief agencies, religious  institutions, social clubs, sports clubs, trade unions; and
                                                                       * NPIs credited for philanthropic purposes that are financed mainly from donations or government grants.