The 1,320 foreign-owned entities account for 57% of the corporate transparency population in 2018–19 and account for 30% of tax payable. Australian public entities account for 23% of the population and 64% of tax payable. Australian private entities account for 20% of the population and nearly 7% of tax payable (see Figure 18).
This year we changed our methodology to identify companies as if they reported they were ultimately held by a non-resident corporate entity, regardless of any shareholding percentages they disclosed. This has resulted in a small increase in the percentage of companies defined as foreign-owned in this year's report.
Figure 18: Corporate entities, by ownership segment, 2018–19
Figure 19: Tax payable – corporate entities, by ownership segment, 2018–19