Document ID: chunk:federal_register_of_legislation:F2018L01116:body:0:p13
Version: federal_register_of_legislation:F2018L01116
Segment Type: other
Provision Reference: 
Character Range: 36890–38681

not a related party.

Non-resident            Means any institutional unit whose centre of predominant economic interest (principal place of residence or principal place of production) is outside Australia's economic territory.

                        It includes:
                               * households whose principal place of residence is overseas; and
                               * foreign branches and foreign subsidiaries of Australian enterprises.

                        It excludes:
                               * Australian-based branches and subsidiaries of foreign enterprises.
Parent entity           Has the meaning given in AASB 127 Separate Financial Statements, AASB 3 Business Combinations and AASB 128 Investments in Associates and Joint Ventures.

Personal                Means individuals, or groups of individuals whose dealings with other sectors are for personal (i.e. non-business) purposes.

Prescribed Account      Refers to an account prescribed under subsection 16AH(5) of the Banking Act.

Related parties         Means a parent entity, controlled entities, associated entities, joint venture entities and other branches or entity under the same parent entity.

Resident                Means any institutional unit whose centre of predominant economic interest (principal place of residence or principal place of production) is within Australia's economic territory.

                        It includes:
                               * households whose principal place of residence is in Australia; and
                               * Australian branches and Australian subsidiaries of foreign enterprises.

                        It excludes:
                               * foreign branches and foreign subsidiaries of Australian enterprises.