Can an entity be a reporting entity and not be caught by the Corporations Act?
A)No, because the reporting entity concept is in the Corporations Act
B)Yes, because the reporting entity concept can be applicable to any type of entity
C)No, because the reporting entity concept is only relevant to companies
D)Yes, because the reporting entity concept is applicable only to companies and to unincorporated businesses

Question

Quizplus · Accepted Answer

The reporting entity concept can be applicable to any type of entity, not just companies that are caught by the Corporations Act. There may be other legislative or regulatory requirements that apply to certain types of entities, but the concept of reporting entity is not limited to a specific legislation.

Can an Entity Be a Reporting Entity and Not Be