Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) An individual satisfies the residency test at a particular time if, at that time, the individual is:
(a) an Australian citizen; or
(b) a permanent resident of Australia; or
(c) a national or citizen of a country prescribed as a reciprocating country.
(2) A corporation satisfies the residency test at a particular time if:
(a) it is incorporated under the Corporations Act 2001 , or under the law of a country prescribed as a reciprocating country; or
(b) it carries on an enterprise, at that time, in Australia or a country prescribed as a reciprocating country.
(3) An unincorporated body satisfies the residency test at a particular time if it carries on an enterprise, at that time, in Australia or a country prescribed as a reciprocating country.