Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p2
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 2/25)
Character Range: 7316536–7319404

at that time;
 (b) all the debt interests issued by the controlled entities:
 (i) to entities other than the entity or other controlled entities; and
 (ii) that are still on issue at that time.

Worldwide equity
 (2) An entity's worldwide equity at a particular time, means the total of the following amounts:
 (a) all the *equity capital of the entity as at that time, but worked out disregarding *equity interests in the entity held at that time by *Australian controlled foreign entities (the controlled entities) of which the entity is an *Australian controller at that time;
 (b) all the equity capital of the controlled entities as at that time, but worked out disregarding equity interests in the controlled entities held at that time by:
 (i) the entity; or
 (ii) other controlled entities.

820‑933  Statement worldwide debt, statement worldwide equity and statement worldwide assets

Statement worldwide debt
 (1) An entity's statement worldwide debt for a period is the amount (see subsection (4)) of liabilities for the entity for the period, reduced (but not below zero) by the sum of the following amounts (see subsection (4)) for the entity for the period:
 (a) provisions;
 (b) liabilities in relation to distributions to equity participants;
 (c) trade payables;
 (d) deferred tax liabilities;
 (e) liabilities relating to employee benefits;
 (f) current tax liabilities;
 (g) deferred revenue;
 (h) liabilities relating to insurance;
 (i) any other amount specified in a legislative instrument under subsection (5).

Statement worldwide equity
 (2) An entity's statement worldwide equity for a period means the amount (see subsection (4)) of net assets for the entity for the period.

Statement worldwide assets
 (3) An entity's statement worldwide assets for a period means the amount (see subsection (4)) of assets for the entity for the period.

Amounts from audited consolidated financial statements to be used
 (4) For the purposes of this section:
 (a) an amount for an entity for a period is taken to be that amount as shown in the *audited consolidated financial statements for the entity for the period; and
 (b) sections 820‑680 and 820‑682 do not apply.

Other amounts
 (5) The Minister may, by legislative instrument, specify one or more amounts for the purposes of paragraph (1)(i).

820‑935  Meaning of audited consolidated financial statements
 (1) Audited consolidated financial statements for an entity for a period are:
 (a) the financial statements that meet the requirements in subsection (2) for the entity for the period; or
 (b) if more than one set of financial statements meet the requirements in subsection (2) for the entity for the period—whichever of those sets of financial statements the entity chooses.
 (2) Financial statements meet the requirements in this subsection for an entity for a period (the relevant period)