• F

    Financial entity

    A financial entity is an entity that undertakes financial activities and meets certain statutory or other requirements.

    See also:

    Foreign controlled Australian entity

    This is an Australian entity:

    • in which a group of five or fewer foreign entities have at least a 50% thin capitalisation control interest
    • in which a single foreign entity has at least a 40% thin capitalisation control interest and no other entity (other than an associate entity of the foreign entity) controls the Australian entity, or
    • that is otherwise controlled by five or fewer foreign entities.

    See also:

    Foreign entity

    A foreign entity is an entity that is not an Australian entity.

    See also:

    Last modified: 09 Mar 2016QC 48147