Document ID: chunk:federal_register_of_legislation:F2020L01555:body:0:p8
Version: federal_register_of_legislation:F2020L01555
Segment Type: other
Provision Reference: 
Character Range: 24040–27595

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 shares or units to the public, either via a prospectus or a distribution channel such as a platform.  Investors are able to dispose of their holdings through well-developed secondary markets such as a stock exchange or through readily accessible redemption facilities.  Usually the management of funds is undertaken by a licensed fund manager external to the fund.

Private unincorporated businesses means persons acting as sole proprietors or in partnerships for business purposes. The major businesses in this sub-sector are unincorporated farms, unincorporated retailers, unincorporated professional practices (medical, legal, dental, accounting, etc.), unincorporated businesses of tradespeople such as plumbers, electricians, carpenters, etc.

Public non-financial corporations means national government non-financial corporations and state, territory and local government non-financial corporations.

Registered financial corporations means corporations that are registered entities under the Financial Sector (Collection of Data) Act 2001 that are classified as category 'D' or 'Other' by APRA.

It includes:

•                 money market corporations  (category 'D'); and
•                 pastoral finance companies, finance companies and general financiers (category 'Other' (formerly categories 'E', 'F' and 'G')).

It excludes:

•                 intra-group financiers registered under the Financial Sector (Collection of Data) Act 2001 category 'I'.  Report these under other private non-financial corporations; and
•                 cash management trusts.  Report these under money-market investment funds.

A list of registered financial corporations is available at: https://www.apra.gov.au/list-registered-financial-corporations.

Securitisers means issuers of asset-backed securities created through the process of securitisation. It excludes: issuers of covered bonds.  Report issuers of covered bonds as ADIs.

State, territory and local government means entities that provide non-market goods and services, principally financed by taxes, for free or at a price well below the cost of production. These entities regulate economic activity, maintain law and order and redistribute income and wealth by means of transfers.

It includes:

•                 state and local government unincorporated enterprises that provide goods and services to their government and/or to the public for free or at prices that are not economically significant (e.g. government employee cafeterias, municipal swimming pools);
•                 NPIs controlled and mainly financed by state and local government;
•                 state government quasi-corporations which sell their output, at near market prices, exclusively to other government units (e.g. government printers);
•                 state and territory government departments and agencies; and
•                 public (state) schools, technical and further education colleges and state-owned hospitals.

It excludes:

•                 all state and local government trading enterprises and financial enterprises (e.g. rail, and municipal water authorities).  Report these under state, territory and local government non-financial corporations or financial institutions