Document ID: chunk:federal_register_of_legislation:F2020L01555:body:0:p7
Version: federal_register_of_legislation:F2020L01555
Segment Type: other
Provision Reference: 
Character Range: 20949–24351

agencies;
•                 national government unincorporated enterprises that provide goods and services to the government and/or to the public for free or at prices that are not economically significant (e.g. government employee cafeterias, munitions factories);
•                 NPIs controlled and mainly financed (other than by grants) by national governments;
•                 national 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. Report these under public non-financial corporations or financial institutions as appropriate;
•                 departments of the state and territory governments.  Report these as state, territory and local general government;
•                 Central banks and national government financial institutions.  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.

National government non-financial corporations means those businesses that are owned and controlled by national governments and that produce goods or non-financial services for sale at market prices.

It includes: all trading enterprises owned 50 per cent or more by a national government or controlled by a national government through legislation, decree or regulation.

Non-money market financial investment funds means collective investment schemes, such as trusts or corporations.  They raise funds by issuing shares or units to the public, either via a prospectus or a distribution channel such as a platform.

The proceeds are used to purchase financial assets.  The assets are owned by the investment fund and usually managed by licensed fund managers external to the fund. Investors are able to dispose of their units/shares on a well-developed secondary market such as a stock exchange or through readily accessible redemption facilities.

Non-profit institutions (NPIs) means any legal entity which:

•                 is created for the purpose of producing goods and services; and
•                 whose articles of association prohibit it from being a source of income, profit or other financial gain to the units that establish, control or finance the legal entity.

Other includes any step-in risk entity that is not a private non-financial business, public non-financial corporation, financial institution, household, or community service organisation.

Other private non-financial corporations means corporations that are owned and controlled by the non-government sector, whose main activity is producing goods or non-financial services for sale at market prices.  They may be listed on stock exchanges or unlisted.

Private non-financial businesses means private non-financial investment funds, other private non-financial corporations and private unincorporated businesses.

Private non-financial investment funds means collective investment schemes, such as trusts or corporations, in which investment funds are pooled and invested in predominantly long-term non-financial assets such as property or infrastructure.  They raise funds by issuing