Financial Sector (Collection of Data—Consequential and Transitional Provisions) Act 2001

In this Division, unless the contrary intention applies:

a body corporate that is an ADI (authorised deposit‑taking institution) for the purposes of the Banking Act 1959; or

a corporation to which subsection (2) applies.

This subsection applies to a corporation that is a registrable corporation for the purposes of the Financial Sector (Collection of Data) Act 2001 because of paragraph 6(1)(a) or (b) of that Act or would be such a registrable corporation because of that paragraph if paragraphs 6(2)(h), (i) and (j) of that Act were omitted and the following paragraph substituted:

the sole or principal purpose for which the corporation borrows money is to lend money to an associate, within the meaning of Division 16F of Part III of the Income Tax Assessment Act 1936, of the corporation or of a foreign controller, within the meaning of that Division, of the corporation.