Can an Economic Entity Not Be a Reporting Entity

Can an economic entity not be a reporting entity?

A) No, because although not explicitly stated in the Corporations Act, economic entities are always reporting entities
B) Yes, because the Corporations Act states that economic entities are not reporting entities
C) No, because the Corporations Act states an economic entity is a reporting entity
D) Yes, because the reporting entity test is specifically not dependent upon whether an economic entity exists