Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Each of the following is a reporting entity in relation to a reporting period:
(a) an entity which has a consolidated revenue of at least $100 million for the reporting period, if the entity:
(i) is an Australian entity at any time in that reporting period; or
(ii) carries on business in Australia at any time in that reporting period;
(b) the Commonwealth;
(c) a corporate Commonwealth entity, or a Commonwealth company, within the meaning of the Public Governance, Performance and Accountability Act 2013 , which has a consolidated revenue of at least $100 million for the reporting period;
(d) an entity which has volunteered to comply with the requirements of this Act under section 6 for that period.
Note: The Commonwealth is required to report on behalf of non - corporate Commonwealth entities within the meaning of the Public Governance, Performance and Accountability Act 2013 : see section 15 of this Act.
(2) An entity carries on business in Australia if the entity:
(a) in the case of a body corporate--carries on business in Australia, a State or a Territory within the meaning of the Corporations Act 2001 (see section 21 of that Act); or
(b) in any other case--would be taken to do so within the meaning of that Act if the entity were a body corporate.