Document ID: chunk:federal_register_of_legislation:C2025C00162:clause:1a_1208w
Version: federal_register_of_legislation:C2025C00162
Segment Type: clause
Provision Reference: sch 1A cl 1208W
Character Range: 2616767–2617299

1208W  Net value of asset
 (1) For the purposes of this Division, the net value of an asset is the value of the asset, without any reduction other than a reduction under subsection (2).
 (2) The Secretary may, by writing, determine that the value of a specified asset is to be reduced by the whole or a specified part of a specified liability.
 (3) A determination under this section has effect accordingly.
 (4) In making a determination under this section, the Secretary must comply with any relevant decision‑making principles.