(1) Subject to subsection (2) and section 111AL, this Part shall apply for a fiscal year to constituent entities, located in the State, that are members of an MNE group or of a large-scale domestic group, where the following condition (in this Part referred to as 'the consolidated revenue test') is satisfied, namely, the revenue of the group (including that of any excluded entities within the meaning of subsection (2)) recorded in the group's consolidated financial statements is no less than the consolidated revenue threshold for at least 2 of the 4 fiscal years immediately preceding that fiscal year.
(2) Subject to subsection (3), this Part shall not apply to the following entities (in this Part referred to as 'excluded entities'):
(ii) an international organisation,
(iii) a non-profit organisation,
(iv) a pension fund,
(v) an investment fund that is an ultimate parent entity, or
(vi) a real estate investment vehicle that is an ultim
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