About privately owned and wealthy groups
Privately owned and wealthy groups operate some of Australia's largest and most successful businesses. Many have complex financial and legal arrangements.
Our approach is to link all entities that are under the control of an individual and their associates. By control, we mean effective control where an individual has the primary decision-making role in the group.
By grouping entities this way, we are able to better understand the choices and behaviours of the controlling mind behind a private group structure.
We view privately owned and wealthy groups as:
Privately owned and wealthy groups make a significant contribution to the Australian economy. Many take on a great deal of personal risk to build their businesses. They are diverse in terms of size, operating structure and industry.
- companies and their associated subsidiaries (often referred to as economic groups) that have an annual turnover of greater than $2 million and are not public groups or foreign-owned
- resident individuals who, together with their business associates, control net wealth over $5 million.