Document ID: chunk:federal_register_of_legislation:C2004A00897:clause:2_29
Version: federal_register_of_legislation:C2004A00897
Segment Type: clause
Provision Reference: sch 2 cl 29
Character Range: 240416–241429

29  Subsection 995‑1(1)
Insert:

equity capital, of an entity and at a particular time, means:
 (a) if the entity is a company that is not an *outward investing entity (ADI) at that time:
 (i) the total value of the entity's *paid‑up share capital, retained earnings, general reserves and asset revaluation reserves as at that time; minus
 (ii) the value of the entity's *debt capital that is part of the entity's paid‑up share capital at that time; or
 (b) if the entity is a company that is an outward investing entity (ADI) at that time:
 (i) the total value of all the entity's tier 1 capital (within the meaning of the *prudential standards) as at that time; minus
 (ii) the value of the entity's debt capital that is part of the entity's tier 1 capital at that time; or
 (c) if the entity is a trust or partnership at that time:
 (i) the total value of the entity's capital and reserves as at that time; minus
 (ii) the value of the entity's debt capital that is part of the entity's capital at that time.