Document ID: chunk:federal_register_of_legislation:C2025C00185:section:45a:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 45A (pt 2/2)
Character Range: 278986–279908

the regulations for the purposes of paragraph (2)(c), or more employees at the end of the financial year.

When a company controls an entity
 (4) For the purposes of this section, the question whether a proprietary company controls an entity is to be decided in accordance with the accounting standards made for the purposes of paragraph 295(2)(b) (even if the standards do not otherwise apply to the company).

Counting employees
 (5) In counting employees for the purposes of subsections (2) and (3), take part‑time employees into account as an appropriate fraction of a full‑time equivalent.

Accounting standards
 (6) Consolidated revenue and the value of consolidated gross assets are to be calculated for the purposes of this section in accordance with accounting standards in force at the relevant time (even if the standard does not otherwise apply to the financial year of some or all of the companies concerned).