Document ID: chunk:federal_register_of_legislation:C2015A00150:clause:1_4:p5
Version: federal_register_of_legislation:C2015A00150
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 5/7)
Character Range: 16429–19139

entity includes the following:
 (a) for a corporation—a director of the corporation;
 (b) for a unit trust:
 (i) the trustee of which is an individual—the trustee; and
 (ii) the trustee of which is a corporation—a director of the trustee; and
 (iii) in any case—any other individual involved in the central management and control of the trust;
 (c) a person who is, or a person in a group of persons who are, in a position to determine the investments or policy of the entity or a trustee of the entity;
 (d) a person who makes, or participates in making, decisions that affect the whole, or a substantial part of, the business of the entity;
 (e) a person who has the capacity to affect significantly the financial standing of the entity;
 (f) a receiver and manager of any part of the business of the entity appointed under a power contained in any instrument;
 (g) an administrator of the entity;
 (h) an administrator under a deed of company arrangement executed by the entity;
 (i) a liquidator of the entity appointed in a voluntary winding up.
offshore area means:
 (a) the exclusive economic zone of Australia; or
 (b) the continental shelf of Australia.
ordinarily resident has a meaning affected by section 5.
potential voting power has the meaning given by section 22.
primary production business has the same meaning as in the Income Tax Assessment Act 1997.
proposes:
 (a) to acquire an interest in securities, assets or Australian land—has a meaning affected by subsection 16(1); and
 (b) to enter or terminate an agreement—has a meaning affected by subsection 16(2).
protected information has the meaning given by section 120.
Regulatory Powers Act means the Regulatory Powers (Standard Provisions) Act 2014.
relative has the same meaning as in the Income Tax Assessment Act 1997.
relevant Australian assets means:
 (a) Australian land, including legal and equitable interests (within the ordinary meaning of the term) in such land; or
 (b) securities in an Australian entity.
relevant entity means any of the following:
 (a) an Australian entity;
 (b) a foreign corporation:
 (i) that holds relevant Australian assets; or
 (ii) that is a holding corporation of one or more Australian corporations;
 (c) a holding entity of such a foreign corporation or of an Australian unit trust.
Note: A holding entity mentioned in paragraph (c) may be a foreign corporation of a kind that is not mentioned in paragraph (b).
residential land:
 (a) means land in Australia if:
 (i) there is at least one dwelling on the land; or
 (ii) the number of dwellings that could reasonably be built on the land is less than the number prescribed by the regulations; and
 (b) does not include land:
 (i) used wholly and