Document ID: chunk:federal_register_of_legislation:C2010C00578:clause:1_22
Version: federal_register_of_legislation:C2010C00578
Segment Type: clause
Provision Reference: sch 1 cl 22
Character Range: 30174–30804

22  Subsection 820‑942(1) (step 1 of the method statement)
Repeal the step, substitute:

           Step 1. Work out the total value, as at that particular time, of all the assets of the entity that represent *debt interests that:

                (a) are of a kind commonly dealt in by entities that carry on a *business of dealing in securities; and
                (b) the entity has sold under a reciprocal purchase agreement (otherwise known as a repurchase agreement), sell‑buyback arrangement or securities loan arrangement; and
                (c) the entity has not yet repurchased under the agreement or arrangement.