Document ID: chunk:federal_register_of_legislation:C2014A00110:clause:1_42
Version: federal_register_of_legislation:C2014A00110
Segment Type: clause
Provision Reference: sch 1 cl 42
Character Range: 44133–44990

42  Subsection 820‑210(3) (example)
Repeal the example, substitute:
Example: FXS Financial SA is a company that is not an Australian entity. The average value of its Australian investments is $120 million.
 The average value of its relevant excluded equity interests, associate entity equity, non‑debt liabilities and on‑lent amount are $5 million, $2 million, $3 million and $35 million respectively. Deducting those amounts from the result of step 1 (through applying steps 1A to 4) leaves $75 million. Multiplying $75 million by 3/5 results in $45 million. Adding the average on‑lent amount of $35 million results in $80 million. Reducing the result of step 6 by the associate entity debt amount of $5 million results in $75 million. As the company does not have any associate entity excess amount, the adjusted on‑lent amount is therefore $75 million.