The following table tells you how a financial entity that has elected to apply the ADI rules is classified and which ADI rules apply.
Table 9: Type of financial entity by classification and rules
Type of financial entity |
Classification and rules |
---|---|
Outward Investor – financial |
Outward investing ADI. The rules in Subdivision 820-D apply. |
Inward Investment vehicle – financial |
Outward investing ADI. The rules in Subdivision 820-D apply. |
Inward investor – financial |
Inward investing ADI. The rules in Subdivision 820-E apply. When applying Subdivision 820-E, all of the entity's business is considered to be its banking business. |
Outward investor – financial and inward investment vehicle – financial |
Outward investing ADI. The rules in Subdivision 820-D apply. |
See also:
- section 820-430 of the ITAA 1997.