A reporting entity is defined in Section 2 of the Act which means any person whose regular occupation or business is the carrying on of -

1. any activity listed in the First Schedule; or
2. any other activity defined by the Minister responsible for Finance as such by an order published in the Gazette amending the First Schedule.

A reporting entity has specific obligations as more fully set out and contained in Sections 15, 16, 18, 19 and 20 of the Act and Amendments thereto.