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Adjusted net value
According to section 52ZZZK of the VEA, for the purposes of subdivision K, the adjusted net value of an asset that is owned by:
- an individual is 100% of the net value of the asset,
- an entity that is a company or trust and the entity is a controlled private company or trust in relation to the individual:
a lower percentage if the Commission determines in writing otherwise, or
a business partnership—the individual's share of the net value of the asset.
The Commission must comply with any relevant decision-making principles.
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