Document ID: chunk:federal_register_of_legislation:C2004A00897:clause:1_2:p3
Version: federal_register_of_legislation:C2004A00897
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 3/5)
Character Range: 193157–196060

time.
           Step 3. Apply steps 1 and 2 to all such *associate entities of the relevant entity and add all the results that are positive amounts. The result of this step is the associate entity excess amount.
 (3) An *associate entity's premium excess amount at a particular time during that period is the result of applying the method statement in this subsection. In applying the method statement, disregard any amount that is attributable to an entity's *overseas permanent establishments if it is an *outward investing entity (non‑ADI) at that time.

      Method statement
           Step 1. Work out the value, as at that particular time, of all the *associate entity equity of the relevant entity that is attributable to the *associate entity (other than the relevant entity's *controlled foreign entity equity if the relevant entity is an outward investing entity (non‑ADI) at that time).
           Step 2. Reduce the result of step 1 by the value, as at that time, of the *equity capital of the *associate entity that is attributable to the relevant entity.
           Step 3. Multiply the result of step 2 by:

                (a) 20/21 if the *associate entity excess amount is applied for the purpose of working out the *total debt amount of the relevant entity for that period under subsection 820‑100(2), 820‑200(2) or 820‑210(2); or
                (b) 3/4 if the associate entity excess amount is applied for the purpose of working out the *adjusted on‑lent amount of the relevant entity for that period under subsection 820‑100(3), 820‑200(3) or 820‑210(3); or
                (c) 3/4 if the associate entity excess amount is applied for the purpose of working out the *safe harbour debt amount of the relevant entity for that period under section 820‑95, 820‑195 or 820‑205; or
                (d) the result of step 4 of the method statement in subsection (1) or (2) of section 820‑110 (as appropriate) if the associate entity excess amount is applied for the purpose of working out the *worldwide gearing debt amount of the relevant entity for that period.

            The result of this step is the premium excess amount.

 (4) The *associate entity's attributable safe harbour excess amount at a particular time during that period is the result of applying the method statement in this subsection. In applying the method statement, disregard any amount that is attributable to an entity's *overseas permanent establishments if it is an *outward investing entity (non‑ADI) at that time.

      Method statement
           Step 1. Work out the *safe harbour debt amount of the *associate entity for the day during which that particular time occurs, as if:

                (a) the associate entity were an *outward investing entity (non‑ADI) or *inward investing entity (non‑ADI), as appropriate, for the period consisting only of that day; and
                (b) if the