Non-financial corporations

Private non-financial corporations

Private trading corporations

Private trading corporations are those owned and controlled by the private sector whose main activity is producing goods or non-financial services for sale.

Include:

• all resident private corporate trading enterprises and non-profit institutions that are market producers of goods or non-financial services;
• 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.

Private unincorporated businesses

This comprises individuals acting as sole proprietors or in partnerships for commercial or professional purposes. The major businesses to be included in this sub-sector are unincorporated farms, unincorporated retailers, unincorporated professional practices (medical, legal, dental, accounting, etc.), unincorporated businesses of tradesmen such as plumbers, carpenters, etc.

Public non-financial corporations