Document ID: chunk:federal_register_of_legislation:C2010C00577:clause:1_18
Version: federal_register_of_legislation:C2010C00577
Segment Type: clause
Provision Reference: sch 1 cl 18
Character Range: 8625–9221

18  Subsection 820‑120(4) (definition of average debt in table item 4)
Repeal the definition, substitute:
      average debt is taken to be the sum of:
      (a) the average value, for that period, of the entity's *debt capital that is covered by step 1 of the method statement in subsection (2) of this section; and
      (b) the average value, for that period, of the entity's *cost‑free debt capital that is covered by step 5 of that method statement;
      (disregarding any amount that is attributable to the entity's *overseas permanent establishments in working out the average values).