Document ID: chunk:federal_register_of_legislation:F2024C01058:reg:35a:p2
Version: federal_register_of_legislation:F2024C01058
Segment Type: reg
Provision Reference: reg 35A (pt 2/2)
Character Range: 46568–47764

holds the interest makes a request, immediately before that time, for a redemption of the interest; and
 (b) the amount is calculated using a valuation of the assets of the fund at that time; and
 (c) redemption fees and transaction costs associated with redemption are ignored.
total value of Australian assets in a notified foreign passport fund or regulated former notified fund at a particular time is an amount equal to the sum of what would be the redemption prices of all interests in the fund held by Australian members of the fund at that time, if those interests were redeemed at that time.
 (6) However:
 (a) there is a pro‑rata of the entity metric for the sub‑sector for the financial year; and
 (b) for the purposes of section 11, the number of counted days is the number of days in the financial year on which the leviable entity is:
 (i) if the leviable entity is an operator of a notified foreign passport fund—the operator of the fund; or
 (ii) if the leviable entity is an operator of a regulated former notified fund—the operator of the fund as a notified foreign passport fund or a regulated former notified fund.
 (7) The minimum levy component for the sub‑sector is $1,000.