Document ID: chunk:federal_register_of_legislation:F2024L00283:reg:13
Version: federal_register_of_legislation:F2024L00283
Segment Type: reg
Provision Reference: reg 13
Character Range: 13395–14148

13  Determining when accountable entity meets enhanced notification threshold—ADIs
 (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 an ADI 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 relevant final report, exceeds $20 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.