ACLN (Australian Credit Licence Number) the six-digit number provided by the Australian – Securities and Investments Commission when an entity is registered as a credit provider For a foreign company the foreign Numbers associated with a foreign company: equivalent of the ACN, ABN, ARBN, AFSL or Australian credit licence number, and the country in which the business number was issued. Permanent establishment in Australia or foreign country is a place at or through which you carry on a business in Australia or A ‘permanent establishment’ a foreign country. It operates through a permanent establishment in Australia You have a permanent establishment in Australia if you carry on your business at or through: a physical address such as a shopfront, business premises, house or flat; or a mobile service such as a car or truck; or while travelling within Australia; and your business is physically present in Australia. You have a permanent establishment in Australia if you carry on your business through an agent that is physically present in Australia. It is a resident of Australia and operates through a permanent establishment in a foreign country Your business is a resident of Australia if: Sole trader you ordinarily reside in Australia – Company your business is incorporated in Australia or your in – ‘business resident’ Australia passes the in relation to the company. ‘control test’ To pass the control test in relation to a company: the aggregate of the if applicable, the individual’s (and, individual’s must be 50 per cent or more; or associates’) direct voting interest the aggregate of the (and, if applicable, the individual’s associates’) direct control interests must be 15 per cent or or more’ the company must be sufficiently influenced by the individual (or an associate of the individual); or the individual (either alone or together with associates) must be in a position to exercise control over the company. Trust a trustee of the trust is a resident of Australia or an individual resident in Australia – who passes the control test in relation to the trust, or a person who benefits or is capable of benefiting under the trust is a resident of Australia. To pass the in relation to a trust: ‘control test’ the individual must be the trustee, or part of a group able to remove the trustee or vary the trust deed
ACLN (Australian Credit Licence Number) – the six-digit number provided by the Australian Securities and Investments Commission when an entity is registered as a credit provider Numbers associated with a foreign company: For a foreign company the foreign equivalent of the ACN, ABN, ARBN, AFSL or Australian credit licence number, and the country in which the business number was issued. Permanent establishment in Australia or foreign country A ‘permanent establishment’ is a place at or through which you carry on a business in Australia or a foreign country. It operates through a permanent establishment in Australia You have a permanent establishment in Australia if you carry on your business at or through: a physical address such as a shopfront, business premises, house or flat; or a mobile service such as a car or truck; or while travelling within Australia; and your business is physically present in Australia. You have a permanent establishment in Australia if you carry on your business through an agent that is physically present in Australia. It is a resident of Australia and operates through a permanent establishment in a foreign country Your business is a resident of Australia if: Sole trader – you ordinarily reside in Australia Company – your business is incorporated in Australia or your ‘business resident’ in Australia passes the ‘control test’ in relation to the company. To pass the control test in relation to a company: the aggregate of the individual’s (and, if applicable, the individual’s associates’) direct voting interest must be 50 per cent or more; or the aggregate of the individual’s (and, if applicable, the associates’) direct control interests must be 15 per cent or more’ or the company must be sufficiently influenced by the individual (or an associate of the individual); or the individual (either alone or together with associates) must be in a position to exercise control over the company. Trust – a trustee of the trust is a resident of Australia or an individual resident in Australia who passes the control test in relation to the trust, or a person who benefits or is capable of benefiting under the trust is a resident of Australia. To pass the ‘control test’ in relation to a trust: the individual must be the trustee, or part of a group able to remove the trustee or vary the trust deed
abpf-guide-motor-vehicle-dealers-and-solicitors.docx