Document ID: chunk:federal_register_of_legislation:C2010C00577:clause:1_37:p2
Version: federal_register_of_legislation:C2010C00577
Segment Type: clause
Provision Reference: sch 1 cl 37 (pt 2/2)
Character Range: 28081–29089

the *valuation days used to calculate the average value of the holder's assets are different from the valuation days used to calculate the issuer's *adjusted average debt;
 (ii) the number of valuation days used to calculate the average value of the holder's assets are different from the number of valuation days used to calculate the issuer's adjusted average debt.

 (4) This subsection covers a *debt interest held by an entity (the holder) at the particular time mentioned in subsection (2) if:
 (a) subsection (1) does not apply to the holder for a period that is, or includes, all or a part of the relevant period; and
 (b) at that time, the debt interest has been *on issue for a period of less than 180 days.

 (5) For the purposes of subsection (2), take into account the value of a *debt interest issued by a *foreign entity only to the extent that the interest is attributable to assets covered by subparagraph (1)(b)(i) or (ii) that are held by the foreign entity throughout the relevant period.