Document ID: chunk:federal_register_of_legislation:C2010C00578:clause:3_14
Version: federal_register_of_legislation:C2010C00578
Segment Type: clause
Provision Reference: sch 3 cl 14
Character Range: 63337–64019

14  Subsection 995‑1(1) (definition of worldwide equity)
Repeal the definition, substitute:

worldwide equity, of an entity and 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.