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.