Document ID: chunk:federal_register_of_legislation:C2025C00029:section:9:p14
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 9 (pt 14/19)
Character Range: 7062110–7064799

group is the worldwide parent entity mentioned in that paragraph; and
 (b) each of the entities mentioned in that paragraph is a GR group member for the period of the *GR group.
 (4) If paragraph (2)(b) applies:
 (a) the GR group parent for the period of the *GR group is the *global parent entity mentioned in that paragraph; and
 (b) each of the entities mentioned in that paragraph is a GR group member for the period of the *GR group.

820‑54  Meaning of GR group net third party interest expense, financial statement net third party interest expense and adjusted net third party interest expense
 (1) The GR group net third party interest expense, for a period, of a *GR group for the period, is the amount that would be the group's *financial statement net third party interest expense for the period, if:
 (a) where paragraph 820‑53(2)(a) applies—the *audited consolidated financial statements for the period for the *GR group parent for the period of the group were prepared on the basis that the following were treated as interest:
 (i) an amount in the nature of interest;
 (ii) any other amount that is economically equivalent to interest; or
 (b) where paragraph 820‑53(2)(b) applies—the *global financial statements for the period for the GR group parent for the period of the group were prepared on the basis that the following were treated as interest:
 (i) an amount in the nature of interest;
 (ii) any other amount that is economically equivalent to interest.
 (2) The financial statement net third party interest expense, for a period, of a *GR group for the period, is:
 (a) the amount of the *GR group's net third party interest expense for the period, as disclosed in the following statements:
 (i) if paragraph 820‑53(2)(a) applies—the *audited consolidated financial statements for the *GR group parent for the period for the GR group;
 (ii) if paragraph 820‑53(2)(b) applies—the *global financial statements for the GR group parent for the period for the GR group;
  reduced by the amount of each payment (if any) covered by subsection (3), to the extent that it was a factor in working out that net third party interest expense; or
 (b) if those statements do not disclose that net third party interest expense—the amount worked out as follows:
 (i) first, identify the amount of the group's third party interest expenses for the period disclosed in those statements;
 (ii) next, reduce the result of subparagraph (i) by the amount of each payment (if any) covered by subsection (3), to the extent that it was a factor in working out those third party interest expenses;
 (iii) next, reduce the result of subparagraph (ii) by the amount of the group's third party