F

Financial entity

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

See also

• subsection 995-1(1) of the ITAA 1997.

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

• section 820-780 of the ITAA 1997
• section 820-785 of the ITAA 1997
• section 820-790 of the ITAA 1997
• section 820-795 of the ITAA 1997.

Foreign entity

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

See also

• subsection 995-1(1) of the ITAA 1997.