Document ID: chunk:federal_register_of_legislation:C2024C00541:section:24:p2
Version: federal_register_of_legislation:C2024C00541
Segment Type: section
Provision Reference: s 24 (pt 2/2)
Character Range: 36348–37203

value of the investee company's assets is the total value as shown in that statement.
 (7) The PDF must not make the investment without first obtaining a statement as mentioned in subsection (6) if an officer or investment manager of the PDF:
 (a) performs duties in connection with the making of the investment; and
 (b) has reason to believe that, since the last audited accounts of the kind referred to in subsection (4) were prepared, the total value of the investee company's assets has, or may have, increased to an amount that exceeds $50 million.
 (8) A reference in subsection (5) or (6) to an audited statement is a reference to a statement audited by a person or firm:
 (a) who or that is appointed as the investee company's auditor in accordance with the Corporations Act 2001; or
 (b) who or that is eligible to consent to being so appointed.