Enter to open, tab to navigate, enter to select
Medium-sized company
Practical Law ANZ Glossary w-022-9834 (Approx. 2 pages)
Glossary
Medium-sized company
For the purposes of the Takeovers Act 1993 (TA 1993) and the Takeovers Code (Code), an unlisted company will be at least medium-sized if:
- The company has completed one or more accounting periods and either or both of the following are true:
- on the last day of the company's most recently completed accounting period, the total assets of the company and its subsidiaries (if any) are at least $30 million;
- in the most recently completed accounting period, the total revenue of the company and its subsidiaries (if any) is at least $15 million; or
- The company has not completed its first accounting period and on the last day of the most recently completed month the total assets of the company and its subsidiaries (if any) are at least $30 million.