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If the overseas entity is subject to a "substantially similar" privacy law it does not have to take reasonable steps to ensure data is used in accordance with Australia's laws.
Its territorial scope is extensive as it applies to any relevant commercial organisation defined as a body incorporated under the law of the United Kingdom (or United Kingdom registered partnership) and any overseas entity that carries on a business or part of a business in the United Kingdom [our emphasis].
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Reuters reports that Romney's holdings include an undisclosed amount based in the Cayman Islands and other overseas entities.
The transactions in question, Reuters sources said, "involve investments by Russians in overseas entities that appear to have been undertaken through middlemen and front companies".
Other news accounts added another roughly $24 million in hidden income that Manafort in plea papers admitted taking in wires from overseas entities for bogus "loans" and vendor payments.
In August, the 2nd Circuit of the United States Courts of Appeal issued a ruling that raises a high bar for the families in their attempts to hold overseas entities accountable for support to Al Qaeda.
The bill, passed by a 283-to-133 vote and sent to the Senate, is aimed at certain hedge fund and large institutional investors as well as electronic trading through overseas entities that avoid United States government scrutiny.
The revelation comes as parliament's joint select committee on the draft registration of overseas entities bill meets on Monday to hear evidence on the impact of property ownership by anonymous companies.
The leaders of Myanmar and Belarus, or Thailand and Russia, can now rightly say to us "You went after Wikileaks' domain name, their hosting provider, and even denied your citizens the ability to register protest through donations, all without a warrant and all targeting overseas entities, simply because you decided you don't like the site.
State firms will also need permission to change the pricing of any contracts with overseas entities.
State firms will also need permission to change the pricing of any contracts with overseas entities, Russia said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com