Notifiable Transactions Regulations

13 (1) If gross revenues from a person’s sales cannot reasonably be determined in accordance with subsection 9(2) or 9.2(2) or section 11, the gross revenues

• (a) shall equal the amount of the gross revenues as stated in the books of the person with such adjustments as may be necessary to ensure that the determination is in accordance with the accounting principles referred to in paragraph 3(a); and

• (b) shall be determined for the most recent annual period for which the amount can reasonably be determined provided that the last day of that period is within three months prior to the reference date.

(2) The determination of the gross revenues from sales referred to in subsection (1) is subject to the requirements of section 5.