sec.14Meaning of net tangible assets of a licensee

### sec.14 Meaning of net tangible assets of a licensee The net tangible assets of a licensee is the amount worked out by subtracting all of the following amounts from the total amount of assets of the licensee under section 15 — the total amount of the licensee’s liabilities; the total amount of the licensee’s intangible assets worked out under the prescribed accounting standards; Australian Accounting Standard AASB 138 Australian Accounting Standard AASB 3 Australian Accounting Standard AASB 112 Australian Accounting Standard AASB 123 the total amount of the licensee’s disallowed assets under section 17 . s 14 amd 2019 SL No. 30 s 19 ; 2019 SL No. 100 s 4 - (a) the total amount of the licensee’s liabilities; - (b) the total amount of the licensee’s intangible assets worked out under the prescribed accounting standards; Examples— • Australian Accounting Standard AASB 138 • Australian Accounting Standard AASB 3 • Australian Accounting Standard AASB 112 • Australian Accounting Standard AASB 123 - • Australian Accounting Standard AASB 138 - • Australian Accounting Standard AASB 3 - • Australian Accounting Standard AASB 112 - • Australian Accounting Standard AASB 123 - (c) the total amount of the licensee’s disallowed assets under section 17 . - • Australian Accounting Standard AASB 138 - • Australian Accounting Standard AASB 3 - • Australian Accounting Standard AASB 112 - • Australian Accounting Standard AASB 123