What does constitutionally covered business mean?

constitutionally covered business

A constitutionally covered business can be a company like a Pty Ltd or a foreign corporation, or any business mainly involved in trading or financial activities within the Commonwealth and its territories.

These are businesses that operate under the constitutional laws of Australia. They include various types of corporations and government bodies but exclude sole traders, partnerships, and non-trading or financial corporations. Understanding this classification is important for knowing which laws and regulations apply to a business.

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