Document ID: chunk:federal_register_of_legislation:C2010C00577:clause:1_35
Version: federal_register_of_legislation:C2010C00577
Segment Type: clause
Provision Reference: sch 1 cl 35
Character Range: 23523–24717

35  Subsection 820‑920(4) (steps 3 and 4 of the method statement)
Repeal the steps, substitute:

           Step 3. Multiply the result of step 2 by the sum of:

                (a) the value, as at that time, of all the *equity capital of the *associate entity that is attributable to the relevant entity at that time; and
                (b) the value, as at that time, of all the *debt interests *issued by the associate entity that are covered by subsection (5), and held by the relevant entity, at that time; and
                (c) the value, as at that time, of all the debt interests issued by the associate entity that are covered by subsection (6), and held by the relevant entity, at that time.

           Step 4. Divide the result of step 3 by the sum of:

                (a) the value, as at that time, of all the *equity capital of the *associate entity; and
                (b) the value, as at that time, of all the *debt interests *issued by the associate entity that are covered by subsection (5) at that time; and
                (c) the value, as at that time, of all the debt interests issued by the associate entity that are covered by subsection (6) at that time.