Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p10
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 10/10)
Character Range: 7131437–7132215

the *cost‑free debt capital of the entity. The result of this step is the adjusted average debt.
Note: To calculate an average value for the purposes of this Division, see Subdivision 820‑G.
 (2A) The entity's *adjusted average debt does not exceed its *maximum allowable debt if the adjusted average debt is nil or a negative amount.
 (3) For the purposes of determining:
 (a) the *maximum allowable debt for the period mentioned in subsection (1); and
 (b) the amount of each *debt deduction to be disallowed;
sections 820‑190 to 820‑220 apply in relation to that entity and that period with the modifications set out in the following table:

Modifications of sections 820‑190 to 820‑220
Item                                          Provisions                   Modifications