Document ID: chunk:federal_register_of_legislation:C2010C00605:clause:13_3:p7
Version: federal_register_of_legislation:C2010C00605
Segment Type: clause
Provision Reference: sch 13 cl 3 (pt 7/9)
Character Range: 215236–217947

based on what would be in consolidated accounts for group

 (1) For the purposes of this Division as applying because of this Subdivision, the value or amount of a particular matter as at a particular time during the grouping period is to be worked out, so far as practicable, on the basis of the information that would be contained in a set of consolidated accounts:
 (a) prepared, in accordance with the *accounting standard on consolidated accounts, as at that time; and
 (b) covering the *consolidated group, *MEC group or single company, as appropriate, and each *Australian permanent establishment that section 820‑603 treats as part of the *head company or single company at that time.

Note: This subsection does not depend on whether such a set of consolidated accounts was prepared, or had to be prepared, for other purposes.

 (2) To avoid doubt, subsection (1) also applies to working out the value or amount, as at a particular time, of a matter mentioned in any of sections 820‑613 to 820‑617 (for example, an entity's tier 1 capital (within the meaning of the *prudential standards) or *paid‑up share capital).

820‑613  How Subdivision 820‑D applies if head company or single company is treated as including foreign bank branches

 (1) This section has effect for the purposes of applying Subdivision 820‑D to the *head company or single company in relation to a period (the test period) that is all or part of the grouping period.

Note: Subdivision 820‑D can apply to the head company or single company because of subsection 820‑609(1) or (2).

Adjusted average equity capital

 (2) The adjusted average equity capital of the *head company or single company for the test period is the average value, for the period, of the amount worked out under subsection (3).

Note 1: In the case of a choice under section 820‑599, paragraph 820‑603(4)(b) treats the single company and the relevant Australian permanent establishments as a consolidated group.

Note 2: To calculate an average value for the purposes of this Division, see Subdivision 820‑G.

 (3) The amount worked out under this subsection as at a particular day is the total of:
 (a) in the case of a choice under section 820‑597—the amounts worked out under the table in subsection 820‑589(3) for that day for each entity that is a *member of the group on that day; and
 (b) in the case of a choice under section 820‑599—the amount worked out under the table in subsection 820‑589(3) for that day for the single company; and
 (c) for each *Australian permanent establishment covered by the choice—the *equity capital of the foreign bank, as at the end of that day, that:
 (i) is attributable to that Australian permanent establishment;