Document ID: chunk:federal_register_of_legislation:F2024C00932:reg:25
Version: federal_register_of_legislation:F2024C00932
Segment Type: reg
Provision Reference: reg 25
Character Range: 26261–26978

25  Application of Subdivision
  This Subdivision applies to an Aboriginal and Torres Strait Islander corporation for a financial year if, on 30 June of the financial year:
 (a) both of the following apply:
 (i) the corporation is registered under the Act as a small corporation;
 (ii) the consolidated gross operating income of the corporation and the entities it controls (if any) is more than $100,000 but less than $5,000,000 for the financial year; or
 (b) both of the following apply:
 (i) the corporation is registered under the Act as a medium corporation;
 (ii) the consolidated gross operating income of the corporation and the entities it controls (if any) is less than $5,000,000 for the financial year.