Document ID: chunk:federal_register_of_legislation:C2014A00110:clause:1_24
Version: federal_register_of_legislation:C2014A00110
Segment Type: clause
Provision Reference: sch 1 cl 24
Character Range: 35287–36118

24  Section 820‑95 (example)
Repeal the example, substitute:
Example: AK Pty Ltd, a company that is an Australian entity, has an average value of assets (other than assets attributable to its overseas permanent establishments) of $100 million.
 The average values of its excluded equity interests, associate entity debt, associate entity equity, controlled foreign entity debt, controlled foreign entity equity and non‑debt liabilities are $5 million, $10 million, $8 million, $5 million, $2 million and $5 million respectively. Deducting these amounts from the result of step 1 (through applying steps 1A to 6) leaves $65 million. Multiplying $65 million by 3/5 results in $39 million. As the average value of the company's associate entity excess amount is $4.5 million, the safe harbour debt amount is therefore $43.5 million.