Document ID: chunk:federal_register_of_legislation:C2025C00185:section:19:p1
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 19 (pt 1/4)
Character Range: 1266759–1269464

19                      is entitled to the benefit of a guarantee given by:
                        (a) the audited body; or
                        (b) a related body corporate; or
                        (c) an entity that the audited body controls
                        in relation to a loan unless the guarantee is disregarded under subsection (8)

Applying table if audited body is registered scheme
 (2) If the audited body is a registered scheme, apply the table in subsection (1) as if:
 (a) references to the audited body in items 1 to 9, and items 15 to 19, in the table were references to the responsible entity for the registered scheme; and
 (b) references to an interest in the audited body in items 10 to 12 in the table were references to an interest in either:
 (i) the registered scheme; or
 (ii) the responsible entity for the registered scheme; and
 (c) references to an investment in an entity that has a controlling interest in the audited body in items 13 and 14 of the table were references to an investment in an entity that has a controlling interest in the responsible entity for the registered scheme.

Applying table if audited body is registrable superannuation entity
 (2A) If the audited body is a registrable superannuation entity, apply the table in subsection (1) as if:
 (a) references to the audited body in items 1 to 9, and items 15 to 19, in the table were references to the RSE licensee for the registrable superannuation entity; and
 (b) references to an interest in the audited body in items 10 to 12 in the table were references to an interest in either:
 (i) the registrable superannuation entity; or
 (ii) the RSE licensee for the registrable superannuation entity; and
 (c) references to an investment in an entity that has a controlling interest in the audited body in items 13 and 14 in the table were references to an investment in an entity that has a controlling interest in the RSE licensee for the registrable superannuation entity.

Applying table if audited body is listed entity (other than registered scheme)
 (3) If the audited body is a listed entity (other than a registered scheme), apply the table in subsection (1) as if references in the table to the audited body included references to an associated entity of the audited body.
Note: See section 50AAA for the definition of associated entity.

Small proprietary companies
 (3A) This subsection applies to an audited body for a financial year if the body:
 (a) is a small proprietary company for the financial year; and
 (b) either:
 (i) does not have any CSF shareholders at any time during the financial year; or
 (ii) has, as at the end of the financial year, raised a total less than