Document ID: chunk:federal_register_of_legislation:F2024L00283:reg:28
Version: federal_register_of_legislation:F2024L00283
Segment Type: reg
Provision Reference: reg 28
Character Range: 22765–23753

28  Related accountable entity also taken to meet enhanced notification threshold
 (1) Under subsection 31(3) of the Act, this section sets out an additional way to determine when an accountable entity meets the enhanced notification threshold if:
 (a) an accountable entity (the first accountable entity) meets the enhanced notification threshold at a particular time during a financial year of the first accountable entity under subsection 13(2), 16(2), 19(2), 22(2) or 25(2); and
 (b) the first accountable entity is related to another accountable entity that is not a foreign accountable entity (the second accountable entity); and
 (c) at that time, the second accountable entity does not otherwise meet the enhanced notification threshold under this Part of the instrument (other than this section).
 (2) The second accountable entity is taken to meet the enhanced notification threshold at the same time the first accountable entity meets the threshold.

Division 7—Miscellaneous