Allowable Annual Turnover (AATO)
Allowable Annual Turnover must not be exceeded by more than 10%:
For the licence year; or
For the twelve (12) months reporting period on which the next report will be based
Where you wish to increase AATO you must:
Submit the relevant financial report that shows you have sufficient assets for the increased turnover
Provide this evidence PRIOR to exceeding the 10% threshold
Net Tangible Assets (NTA)
All licensees are subject to the condition that the last notified NTA position must not decrease by more than 10% for a period exceeding one month. Where your NTA position decreases by more than 10% for a period greater than one month during your licence year:
you must submit an updated financial report within thirty (30) days
you will have your AATO adjusted accordingly - which will be decreased for the licence year
Note: Where you have a reduction in the Net Real Unencumbered Assets being assured by way of a Deed you will have to provide an updated Report to adjust the level of defined assets being assured.
Current Ratio
All licensees are subject to the condition that they must meet the minimum ratio requirements at all points in time during the licence year.
Related Pages Publications
Applying, Renewing and Maintaining Financial Requirements for Licensing Policy
