Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p26
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 26/59)
Character Range: 7931680–7934545

meaning given by section 243‑30.
Finance Minister means the Minister administering the Public Governance, Performance and Accountability Act 2013.
Finance Secretary means the Secretary of the *Finance Department.
financial arrangement has the meaning given by sections 230‑45 to 230‑55.
financial benefit has the meaning given by section 974‑160.
financial entity, at a particular time, means an entity other than an *ADI that is any of the following at that time:
 (a) an entity that:
 (i) is a registered corporation under the Financial Sector (Collection of Data) Act 2001; and
 (ii) at the particular time, carries on a *business of providing finance, but not predominantly for the purposes of providing finance directly or indirectly to, or on behalf of, the entity's associates; and
 (iii) in the income year in which the particular time occurs, derives all, or substantially all, of its profits from that business;
 (b) a *securitisation vehicle;
 (c) an entity that:
 (i) is a financial services licensee within the meaning of the Corporations Act 2001 whose licence covers dealings in at least one of the financial products mentioned in paragraphs 764A(1)(a), (b) and (j) of that Act; or
 (ii) under paragraph 911A(2)(h) or (l) of the Corporations Act 2001, is exempt from the requirement to hold an Australian financial services licence for dealings in at least one of those financial products;
  and carries on a business of dealing in securities, but not predominantly for the purposes of dealing in securities with, or on behalf of, the entity's *associates;
Note 1: Paragraphs 764A(1)(a), (b) and (j) of the Corporations Act 2001 deal respectively with securities, managed investment products and government debentures, stocks and bonds.
Note 2: Paragraph 911A(2)(h) of that Act exempts financial services provided to wholesale clients by a person who is regulated by an overseas regulatory authority if the provision of the service is covered by an exemption from the Australian Securities and Investments Commission (ASIC).
Note 3: Paragraph 911A(2)(l) of that Act empowers ASIC to exempt financial services.
 (d) an entity that:
 (i) is a financial services licensee within the meaning of the Corporations Act 2001 whose licence covers dealings in derivatives within the meaning of that Act; or
 (ii) under paragraph 911A(2)(h) or (l) of the Corporations Act 2001, is exempt from the requirement to hold an Australian financial services licence for dealings in such derivatives;
  and carries on a business of dealing in such derivatives, but not predominantly for the purposes of dealing in such derivatives with, or on behalf of, the entity's associates.
financial institution has the meaning given by section 202A of the Income Tax Assessment Act 1936.
financial investment includes the following:
 (a) a *share in a company;
 (b) an interest in