Document ID: chunk:federal_register_of_legislation:C2007C00597:clause:2_158
Version: federal_register_of_legislation:C2007C00597
Segment Type: clause
Provision Reference: sch 2 cl 158
Character Range: 24968–25552

158  Section 4 (definition of value)
Repeal the definition, substitute:

value of an asset of a company at a particular time means the amount that, if:
 (a) an accounting period of the company had ended at that time; and
 (b) the company had, under the Financial Sector (Collection of Data) Act 2001, given to APRA copies of financial statements for, or as at the end of, that accounting period; and
 (c) the financial statements had been prepared in accordance with applicable accounting principles;
would have been shown in those statements as the value of the asset at that time.