5Definitions

5 Definitions

In this Act:

accounting standards has the same meaning as in the Corporations Act 2001.

Australia has the same meaning as in the Income Tax Assessment Act 1997.

Australian and New Zealand Standard Industrial Classification means the Australian and New Zealand Standard Industrial Classification (ANZSIC) 2006, as published from time to time by the Australian Bureau of Statistics.

Australian law means a law of the Commonwealth, or of a State or Territory.

authorised officer means a person appointed as an authorised officer under subsection 35(1).

carries on business in Australia: an entity carries on business in Australia if the entity:

(a) in the case of a body corporate—carries on business in Australia, a State or a Territory within the meaning of the Corporations Act 2001 (see section 21 of that Act); or
(b) in any other case—would be taken to do so within the meaning of that Act if the entity were a body corporate.

carrying on an enterprise includes doing anything in the course of the commencement or termination of the enterprise.

civil penalty provision has the same meaning as in the Regulatory Powers Act.

commercial‑in‑confidence has the meaning given by subsection 20(3).

consolidated revenue, of an entity, means:

(a) the total revenue of the entity, for a financial year; or
(b) if the entity controls another entity or entities—the total revenue of the entity and all of the controlled entities, considered as a group, for a financial year of the controlling entity;

worked out in accordance with the accounting standards, even if those standards do not otherwise apply to such an entity (including a controlling entity) or group.

constitutional corporation means a corporation to which paragraph 51(xx) of the Constitution applies.

constitutionally covered entity has the meaning given by section 6.

control, of an entity by another entity, means control of the entity within the meaning of the accounting standards.

enforcement body has the same meaning as in the Privacy Act 1988.