Document ID: chunk:federal_register_of_legislation:C2024C00747:section:5
Version: federal_register_of_legislation:C2024C00747
Segment Type: section
Provision Reference: s 5
Character Range: 12893–14203

5  Meaning of reporting entity
 (1) Each of the following is a reporting entity in relation to a reporting period:
 (a) an entity which has a consolidated revenue of at least $100 million for the reporting period, if the entity:
 (i) is an Australian entity at any time in that reporting period; or
 (ii) carries on business in Australia at any time in that reporting period;
 (b) the Commonwealth;
 (c) a corporate Commonwealth entity, or a Commonwealth company, within the meaning of the Public Governance, Performance and Accountability Act 2013, which has a consolidated revenue of at least $100 million for the reporting period;
 (d) an entity which has volunteered to comply with the requirements of this Act under section 6 for that period.
Note: The Commonwealth is required to report on behalf of non‑corporate Commonwealth entities within the meaning of the Public Governance, Performance and Accountability Act 2013: see section 15 of this Act.
 (2) An entity carries on business in Australia if the entity:
 (a) in the case of a body corporate—carries on business in Australia, a State or a Territory within the meaning of the Corporations Act 2001 (see section 21 of that Act); or
 (b) in any other case—would be taken to do so within the meaning of that Act if the entity were a body corporate.