Document ID: chunk:federal_register_of_legislation:F2022L01013:reg:4:p2
Version: federal_register_of_legislation:F2022L01013
Segment Type: reg
Provision Reference: reg 4 (pt 2/2)
Character Range: 5636–6652

fair and reasonable terms; or
 (c) the sale being conducted between parties who were not dealing with each other at arm's length; or
 (d) any other circumstances;

       the market value of the assets or property is the market value, at the time of the sale, as determined by an accredited valuer.

       Adjustments to market value
 (4) For the purposes of subparagraphs 52ZMAA(5)(a)(ii) and (b)(ii) of the Act, the market value of the real assets or real property worked out under this section is reduced by the total value of any charges or encumbrances over the assets or property, other than any charge referred to in paragraph 52ZA(3)(c) or section 52ZF, worked out:
 (a) if the assets are sold, or the property is sold, before the event time—immediately before the assets are sold or the property is sold; or
 (b) if paragraph (2)(b) applies—at the time of the agreement; or
 (c) if paragraph (2)(c) applies—at the end of the most recent valuation day; or
 (d) if paragraph (2)(d) applies—at the event time.