Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p36
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 36/41)
Character Range: 4329234–4332089

as being used for collective investment by pooling the contributions of its members as consideration to acquire rights to benefits produced by the entity; and
 (ii) that has at least 50 members; and
 (iii) the contributing members of which do not have day‑to‑day control over the entity's operation;
 (g) an entity, the principal purpose of which is to fund pensions (including disability and similar benefits) for the citizens or other contributors of a foreign country, if:
 (i) the entity is a fund established by an *exempt foreign government agency; or
 (ii) the entity is established under a foreign law for an exempt foreign government agency; or
 (iii) the entity is a *wholly‑owned subsidiary of an entity mentioned in subparagraph (i) or (ii);
 (h) an investment entity that satisfies all of these requirements:
 (i) the entity is wholly‑owned by one or more *foreign government agencies, or is a wholly‑owned subsidiary of one or more foreign government agencies;
 (ii) the entity is established using only the public money or public property of the foreign government concerned;
 (iii) all economic benefits obtained by the entity have passed, or are expected to pass, to the foreign government concerned;
 (i) an entity established and wholly‑owned by an *Australian government agency, if the capital of the entity, and returns from the investment of that capital, are used for the primary purpose of meeting statutory government liabilities or obligations (such as superannuation liabilities and liabilities arising from compensation or workcover claims);
 (ia) the *Future Fund Board;
 (j) a *limited partnership, if, throughout the income year:
 (i) at least 95% of the *membership interests in the limited partnership are owned by entities mentioned in the preceding paragraphs of this subsection, or by entities that are wholly‑owned by entities so mentioned; and
 (ii) the remaining membership interests (if any) in the limited partnership are owned by a *general partner of the limited partnership that habitually exercises the management power of the limited partnership;
 (k) an entity, all the membership interests in which are owned by any of the following:
 (i) entities mentioned in the preceding paragraphs of this subsection;
 (ii) entities that are wholly‑owned by entities mentioned in the preceding paragraphs of this subsection;
 (iii) entities that are covered under this subsection because of a previous operation of this paragraph;
 (l) an entity of a kind similar to an entity mentioned in the preceding paragraphs of this subsection as specified in the regulations.
 (4A) Any financial assets (within the meaning of the Future Fund Act 2006) held by the *Future Fund Board are taken, for the purposes of subparagraph (4)(k)(ii), to be held by the Future Fund Board in its own right.
 (5) The rules are as follows:
 (a)