Document ID: chunk:federal_register_of_legislation:F2024C01235:reg:1
Version: federal_register_of_legislation:F2024C01235
Segment Type: reg
Provision Reference: reg 1
Character Range: 36855–37838

1                                                                      an Australian entity                                     (a) any one or more of the following entities (the agribusiness entities) derive earnings from carrying on a business of the kind mentioned in subsection (3):
                                                                                                                                (i) the entity;
                                                                                                                                (ii) a subsidiary of the entity; and
                                                                                                                                (b) the amount of those earnings before interest and tax, derived by the agribusiness entities in the most recent financial year for which the financial accounts of the entity have been audited, exceeds 25% of the amount of the total earnings for the entity.