How your entity is classified and which ADI rules apply

How a financial entity (non-ADI) that has elected to apply the ADI rules is classified and which ADI rules apply.

Last updated 24 July 2024

The following table tells you how a financial entity (non-ADI) that has elected to apply the ADI rules is classified and which ADI rules apply.

Table 8: Type of financial entity by classification and rules
Type of financial entity	Classification and rules
Outward investing financial entity (non-ADI).	Outward investing entity (ADI). The rules in Subdivision 820-D of the ITAA 1997 apply.
Inward Investment vehicle (financial)	Outward investing entity (ADI). The rules in Subdivision 820-D of the ITAA 1997 apply.
Inward investor (financial)	Inward investing entity (ADI). The rules in Subdivision 820-E of the ITAA 1997 apply. When applying Subdivision 820-E of the ITAA 1997, all of the entity's business is considered to be its banking business.
Outward investing financial entity (non-ADI)l and inward investment vehicle (financial)	Outward investing entity (ADI). The rules in Subdivision 820-D of the ITAA 1997 apply.

For more information, see section 820-430 of the ITAA 1997.

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