A group of government-controlled entities that provide public services which are mainly:
- non-market in nature;
- for the collective consumption of the community, involving the transfer or redistribution of income; and
- budget-funded or obtain their funds from government.
This sector classification enables the collection of financial information on the performance of Commonwealth entities and companies in the Commonwealth public sector, and is classified by institutional sector, as defined and required by Australian equivalents of international standards - known as Government Finance Statistics. The other sector classifications are public financial corporations sector (PFC) and public non-financial corporations sector (PNFC).