Document ID: chunk:federal_register_of_legislation:C2020A00049:clause:1_12
Version: federal_register_of_legislation:C2020A00049
Segment Type: clause
Provision Reference: sch 1 cl 12
Character Range: 7228–7790

12  At the end of section 960‑565
Add:
 (2) Subsection (3) applies if:
 (a) *global financial statements have not been prepared for the entity for the period; or
 (b) global financial statements have not been prepared for the entity for the period that show the total annual income mentioned in subsection (1).
 (3) Despite subsection (1), the annual global income of the *entity for the period is the amount that would be, on the assumption that such statements had been prepared, the total annual income mentioned in subsection (1) shown in those statements.