sec.17DRequirement to give commission information—amount under deed of covenant and assurance no longer included as asset

### sec.17D Requirement to give commission information—amount under deed of covenant and assurance no longer included as asset This section applies if a licensee intends to stop including a deed of covenant asset for working out the licensee’s net tangible assets. The licensee must give the commission— an MFR report demonstrating the licensee’s net tangible assets are, without the deed of covenant asset, sufficient for the licensee’s maximum revenue for the relevant reporting year; or an application under section 11M to reduce the licensee’s maximum revenue, accompanied by an MFR report. s 17D ins 2019 SL No. 30 s 23 (sec.17D-ssec.1) This section applies if a licensee intends to stop including a deed of covenant asset for working out the licensee’s net tangible assets. (sec.17D-ssec.2) The licensee must give the commission— an MFR report demonstrating the licensee’s net tangible assets are, without the deed of covenant asset, sufficient for the licensee’s maximum revenue for the relevant reporting year; or an application under section 11M to reduce the licensee’s maximum revenue, accompanied by an MFR report. - (a) an MFR report demonstrating the licensee’s net tangible assets are, without the deed of covenant asset, sufficient for the licensee’s maximum revenue for the relevant reporting year; or - (b) an application under section 11M to reduce the licensee’s maximum revenue, accompanied by an MFR report.