Document ID: chunk:federal_register_of_legislation:F2024L01651:reg:8
Version: federal_register_of_legislation:F2024L01651
Segment Type: reg
Provision Reference: reg 8
Character Range: 15076–15991

8  Meaning of large retailer and large wholesaler
 (1) A retailer or wholesaler is a large retailer or large wholesaler (as the case may be) for a financial year if the total covered revenue (see subsection (2)) of the following entities:
 (a) the retailer or wholesaler;
 (b) each related body corporate of the retailer or wholesaler;
as set out in the those entities' annual accounts, prepared in accordance with generally accepted accounting principles, exceeds $5 billion for the previous financial year.
Note: For when a body corporate is related to another body corporate, see section 4A of the Act.
 (2) Revenue is covered revenue if the revenue relates to the carrying on of:
 (a) a supermarket business in Australia; or
 (b) a business of purchasing grocery products from suppliers for the purpose of resale to a person carrying on a supermarket business in Australia.

Division 3—Mandatory industry code