Appendix 16: Type of financial entity

a

An entity that:

• is a registered corporation under the Financial Sector (Collection of Data) Act 2001; and
• at the particular time, carries on a business of providing finance, but not predominantly for the purposes of providing finance directly or indirectly to, or on behalf of, the entity’s associates; and
• in the income year in which the particular time occurs, derives all, or substantially all, of its profits from that business.

b

A securitisation vehicle

c

An entity that carries on a business of dealing in securities, but not predominantly for the purposes of dealing in securities with, or on behalf of, the entity's associates and:

• is a financial services licensee within the meaning of the Corporation Acts 2001 whose licence covers dealings in at least one of the financial products mentioned in paragraphs 764A(1)(a), (b) and (j) of that Act; or
• under paragraph 911A(2)(h) or (l) of the Corporations Act 2001, is exempt from the requirement to hold an Australian financial services licence for dealings in at least one of those financial products.

d

An entity that carries on a business of dealing in such derivatives, but not predominantly for the purposes of dealing in such derivatives with, or on behalf of, the entity's associates and:

• is a financial services licensee within the meaning of the Corporation Acts 2001 whose licence covers dealings in derivatives within the meaning of that Act; or
• under paragraph 911A(2)(h) or (l) of the Corporations Act 2001, is exempt from the requirement to hold an Australian financial services licence for dealings in such derivatives.