Document ID: chunk:federal_register_of_legislation:C2004A00897:clause:1_3:p13
Version: federal_register_of_legislation:C2004A00897
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 13/26)
Character Range: 133138–137909

was in the group, see section 820‑530.

Resident TC group treated as an inward investing entity (ADI)
Item                                                           For:                                                                                                               The amount is:
    1                                                          a company                                                                                                          the total value, as at the end of that day, of the company's *paid‑up share capital, retained earnings, general reserves and asset revaluation reserves; minus
                                                                                                                                                                                  the value of the company's *debt capital that is part of the company's paid‑up share capital at the end of that day; plus
                                                                                                                                                                                  the value of the company's debt capital at the end of that day that does not give rise to any *debt deductions of the company for the income year or any other income year
    2                                                          a partnership or trust                                                                                             the total value, as at the end of that day, of the capital and reserves of the partnership or trust; minus
                                                                                                                                                                                  the value of the *debt capital of the partnership or trust that is part of the capital of the partnership or trust at the end of that day; plus
                                                                                                                                                                                  the value of the debt capital of the partnership or trust at the end of that day that does not give rise to any *debt deductions of the partnership or trust for the income year or any other income year
    3                                                          an *Australian permanent establishment through which a *foreign bank carries on its banking business in Australia  the *equity capital of the foreign bank, as at the end of that day, that:
                                                                                                                                                                                  (a) is attributable to that Australian permanent establishment; but
                                                                                                                                                                                  (b) has not been allocated to the *OB activities of the foreign bank;
                                                                                                                                                                                  plus the total of the amounts that, as at the end of that day:
                                                                                                                                                                                  (c) are made available by the foreign bank to the Australian permanent establishment as loans to the Australian permanent establishment; and
                                                                                                                                                                                  (d) do not give rise to any *debt deductions of the foreign bank for the income year or any other income year

 (3) The group's safe harbour capital amount for the income year is worked out using the following method statement.

      Method statement
           Step 1. Work out the average value, for the income year, of the group's *risk‑weighted assets.
           Step 2. Multiply the result of step 1 by 4%. The result of this step is the safe harbour capital amount.
 (4) For each *Australian permanent establishment through which a *foreign bank carries on its banking business in Australia and that is in the group, the group's *risk‑weighted assets include that part of the *risk‑weighted assets of the foreign bank that:
 (a) is attributable to that Australian permanent establishment; but
 (b) is not attributable to the *OB activities of the foreign bank.

Subdivision 820‑G—Calculating the average values

Guide to Subdivision 820‑G

820‑625  What this Subdivision is about

      This Subdivision sets