Resident of Australia

There are different definitions of ‘resident’ according to whether the entity is:

• an individual (where the individual lives in Australia)
• a company (where the company is either incorporated in Australia, or is controlled by an individual who lives in Australia)
• a trust (where a trustee is an individual living in Australia or a company incorporated in Australia, or the trust is controlled by an individual who lives in Australia, or a beneficiary of the trust is an individual who lives in Australia or a company that is incorporated in Australia)
• a partnership (where a partner is an individual who lives in Australia or a company that is incorporated in Australia)
• a corporation sole (where the corporation sole was established in Australia)
• a body politic (where it is a body politic of Australia).

See

AML/CTF Act 2006 section 14