Document ID: chunk:federal_register_of_legislation:F2024C01235:reg:7:p3
Version: federal_register_of_legislation:F2024C01235
Segment Type: reg
Provision Reference: reg 7 (pt 3/3)
Character Range: 29799–30845

prohibiting transactions with the entity or branch;
 (iii) the entity or branch has no substantial business activities in the particular region;
and the particular region is not Hong Kong, China.

When entities or branches are not enterprises of a region—Hong Kong, China
 (9) An entity, or a branch of an entity, (within the ordinary meaning of the term) is not an enterprise of Hong Kong, China if the Treasurer is satisfied that:
 (a) subsection (10) applies to it; or
 (b) the entity or branch has no substantial business activities in Hong Kong, China.
 (10) This subsection applies to an entity or branch if:
 (a) it is owned or controlled by one or more of the following:
 (i) an individual of a country who is not a resident of Hong Kong, China;
 (ii) an entity constituted or organised under a law of a country that is not a law applying in Hong Kong, China; and
 (b) Australia adopts or maintains measures relating to that country, or a person of that country, that have the effect of prohibiting transactions with the entity or branch.