Constituent Entity definition clarifies inclusion criteria and treatment under group consolidated financial statements for tax reporting purposes. For section 286(9)(d) of the Income Tax Act 1961, the Constituent Entity includes (i) any separate group entity included or able to be included in the consolidated financial statement if its equity were listed; (ii) entities excluded from consolidation solely due to size or materiality; and (iii) permanent establishments of such entities that prepare separate financial statements for reporting, regulatory, tax, or internal management control purposes.