Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe threshold test is met in relation to an entity or business for an action mentioned in column 1 of the following table if the value mentioned in column 2 of the table is more than the value prescribed by the regulations.
When the threshold test is met | ||
Item | Column 1 Kind of action | Column 2 Value |
1 | A person acquiring a direct interest in an Australian entity or Australian business that is an agribusiness | The total of the following: (a) the value of the consideration for the acquisition; (b) the total value of the other interests held by the person, alone or together with one or more associates: (i) in the entity or business; or (ii) previously acquired from the entity or business |
2 | Acquiring interests in securities in an entity, or issuing securities in an entity | The higher of the following: (a) the total asset value for the entity; (b) the total issued securities value for the entity |
2A | Acquiring a substantial interest in an Australian entity | The higher of the following: (a) the total asset value for the entity; (b) the total issued securities value for the entity |
3 | Entering an agreement mentioned in paragraph 40(2)(d) in relation to an entity, or altering a constituent document of an entity as mentioned in paragraph 40(2)(e) | The total asset value for the entity
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4 | Acquiring interests in the assets of an Australian business | The value of the consideration for the acquisition |
5 | Entering or terminating a significant agreement with an Australian business | The total value of the assets of the business |
Note 1: Total asset value , total issued securities value and consideration are defined by the regulations (see section 4).
Note 2: The regulations may provide in relation to valuing assets of an entity or business (see section 27).