CTHRepealedLegislation
Financial Sector (Collection of Data) determination No. 39 of 2005 - Reporting Standard ARS 323.0 (2005) - Statement of Financial Position (Licensed ADI)
Private trading corporations Private trading corporations
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) determination No. 39 of 2005 - Reporting Standard ARS 323.0 (2005) - Statement of Financial Position (Licensed ADI).
Private trading corporations
Private trading corporations are those owned and controlled by the private sector.
Include:
- All resident private corporate trading enterprises;
- Intra-group financiers (Financial Sector (Collection of Data) Act 2001 Category I) and parent companies with significant holdings of shares in private trading companies;
- Privately owned schools and hospitals;
- Any unincorporated unit that is a branch in Australia of a non-resident company and which is not included in the financial sector; and
- Any unincorporated business owned and operated by trading corporations (e.g. joint ventures).
Exclude:
- Unincorporated businesses, except for branches of non-resident companies and joint ventures or partnerships owned by corporations; and
- Non-resident enterprises.
- Public non-financial corporations