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8 Meaning of large retailer and large wholesaler

(1) A retailer or wholesaler is a large retailer or large wholesaler (as the case may be) for a financial year if the total covered revenue (see subsection (2)) of the following entities: (a) the retailer or wholesaler; (b) each related body corporate of the retailer or wholesaler; as set out in the those entities’ annual accounts, prepared in accordance with generally accepted accounting principles, exceeds $5 billion for the previous financial year.

Note: For when a body corporate is related to another body corporate, see section 4A of the Act.

(2) Revenue is covered revenue if the revenue relates to the carrying on of: (a) a supermarket business in Australia; or (b) a business of purchasing grocery products from suppliers for the purpose of resale to a person carrying on a supermarket business in Australia.