Document ID: chunk:federal_register_of_legislation:F2024L00283:reg:31
Version: federal_register_of_legislation:F2024L00283
Segment Type: reg
Provision Reference: reg 31
Character Range: 25769–26597

31  Application provision—total assets value
     For the purposes of Part 3, in working out the total assets value of an accountable entity, the relevant final report for the purposes of Division 1 of that Part, and the final report for the purposes of Divisions 2 to 5 of that Part, may be for a financial year that starts or ends:
 (a) before the commencement of this instrument; or
 (b) before the time when the accountable entity became an accountable entity.
Example: The financial year for an ADI starts on 1 November. Under subsection 13(2) of this instrument, the ADI meets the enhanced notification threshold if the ADI's relevant final report for 2022‑23 reports a total asset value that exceeds $20 billion.
Note: For when a body corporate starts being an accountable entity, see subsections 9(2) and (4) of the Act.