Valuation and revaluation of certain financial investments
46M Valuation and revaluation of certain financial investments
The total value of a person’s listed securities and managed investments (being listed securities and managed investments that fluctuate depending on the market) (the relevant investments) is determined in accordance with the following:
an initial total valuation is to be given to the relevant investments on 1 July 1996, or when a new claim is determined, by the method set out in departmental guidelines;
that total valuation continues in effect until the relevant investments are revalued by the method set out in departmental guidelines, and that revaluation must occur:
on 20 March in each calendar year after 1996; and
on 20 September in each calendar year after 1996; and
when the person requests a revaluation of one or more of the person’s listed securities and managed investments; and
following an event that affects the relevant investments and is the subject of a recipient notification notice.
This Act’s bill:Second reading speech
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