Document ID: chunk:federal_register_of_legislation:C2024A00087:clause:4_292a:p2
Version: federal_register_of_legislation:C2024A00087
Segment Type: clause
Provision Reference: sch 4 cl 292A (pt 2/2)
Character Range: 364112–365084

subsection applies to an entity for a financial year if:
 (a) the entity is a registered scheme, registrable superannuation entity or retail CCIV; and
 (b) the value of assets at the end of the financial year of the entity and the entities it controls (if any) is the following amount or more:
 (i) the amount prescribed by regulations made for the purposes of this subparagraph;
 (ii) if no amount is prescribed—$5 billion.

Matters worked out in accordance with standards
 (7) For the purposes of this section:
 (a) the question whether an entity controls another entity is to be decided in accordance with accounting standards made for the purposes of paragraph 295(2)(b); and
 (b) consolidated revenue, the value of consolidated gross assets and the value of assets are to be calculated in accordance with accounting standards in force at the relevant time;
(even if the standards do not otherwise apply to the financial year of some or all of the entities concerned).