Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A business is a large business at a particular time in a financial year (the current financial year ) if:
(a) its revenue for the previous financial year is $150,000,000 or more; or
(b) if there was no time in the previous financial year when the business was carried on--its revenue for the current financial year is as at that time $150,000,000 or more.
(2) Revenue is to be calculated for the purposes of this section in accordance with accounting standards in force at the relevant time.