Document ID: chunk:federal_register_of_legislation:F2024L00283:reg:16
Version: federal_register_of_legislation:F2024L00283
Segment Type: reg
Provision Reference: reg 16
Character Range: 16783–17562

16  Determining when accountable entity meets enhanced notification threshold—general insurers
 (1) Under subsection 31(3) of the Act, this section sets out how to determine when an accountable entity (other than a foreign accountable entity) that is a general insurer meets the enhanced notification threshold.
 (2) The accountable entity meets the threshold at a particular time during a financial year of the entity if the entity's total assets value, as reported in the entity's most recent final report, exceeds $10 billion.
Note: If an accountable entity meets the enhanced notification threshold under this subsection, any other accountable entity that is related to the first accountable entity is also taken to meet the enhanced notification threshold: see section 28.