Awan Hammad

    Hi Ronald


    It is hard to comment without knowing the overall value of the Fund’s assets and whether the change is material to the financial statements as at 30 June 2021.

    As the value of the asset is now known as being $1 then it is reasonable to expect that the financial statements should be revised to reflect the correct carrying valuation.

    Depending on materiality and if the financial statements are not adjusted you may need to issue a Part A financial qualification and a Part B compliance qualification re SIS reg 8.02B re assets at market value. You would need to consider requirements of if an ACR is required.




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