Document ID: chunk:federal_register_of_legislation:C2014A00110:clause:1_30
Version: federal_register_of_legislation:C2014A00110
Segment Type: clause
Provision Reference: sch 1 cl 30
Character Range: 38444–39068

30  Subsection 820‑110(1) (example)
Repeal the example, substitute:
Example: AK Pty Ltd, a company that is an Australian entity, has an average value of worldwide debt of $90 million and an average value of worldwide equity of $30 million. The result of applying step 1 is therefore 3. Dividing 3 by 4 (through applying steps 3 and 4) and multiplying the result by $65 million (which is the result of step 6 in the method statement in section 820‑95) equals $48.75 million. As the average value of the company's associate entity excess amount is $4.5 million, the worldwide gearing debt amount is therefore $53.25 million.