Document ID: chunk:federal_register_of_legislation:C2014A00110:clause:1_38
Version: federal_register_of_legislation:C2014A00110
Segment Type: clause
Provision Reference: sch 1 cl 38
Character Range: 41780–42600

38  Subsection 820‑200(3) (example)
Repeal the example, substitute:
Example: KJW Finance Pty Ltd, a company that is an Australian entity, has an average value of assets of $120 million.
 The average values of its excluded equity interests, associate entity equity, non‑debt liabilities and on‑lent amount are $5 million, $3 million, $2 million and $35 million respectively. Deducting these amounts from the result of step 1 (through applying steps 1A to 4) leaves $75 million. Multiplying $75 million by 3/5 results in $45 million. Adding the average on‑lent amount of $35 million results in $80 million. Reducing $80 million by the associate entity debt amount of $5 million results in $75 million. As the company does not have any associate entity excess amount, the adjusted on‑lent amount is therefore $75 million.