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  • Question 38

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    If you relied on an arm's length debt or capital amount calculated under Division 820 of the ITAA 1997, answer Yes at A and read on. Otherwise, go to question 39.

    Write at B the arm's length debt amount or the arm's length capital amount determined under the following section.

    Arm's length debt or capital amount provision

    Code you wrote at A item 32

    Section

    1, 2, 9 or 10

    820-105

    3, 4, 5 or 6

    820-215

    7

    820-315

    8

    820-410

    Question 39

    This question requires information if you have relied on the worldwide gearing debt and capital amount.

    You must answer Yes at A item 39 and complete all the applicable labels if you have written:

    • code 1 or 2 (outward investor (non-ADI)) at A item 32 and you rely on the worldwide gearing debt amount as calculated in subsection 820-110(1) or subsection 820-110(2)
    • code 3, 4, 5 or 6 (inward investing entities (non-ADI)) at A item 32 and you rely on the worldwide gearing debt amount as calculated in section 820-216, section 820-217, section 820-218 or section 820-219
    • code 7 (outward investing entity (ADI)) at A item 32 and you rely on the worldwide capital amount as calculated in section 820-320.code 9 or 10 (inward investment vehicle and is also outward investor (non-ADI)) at A item 32 and you rely on the worldwide gearing debt amount as calculated in subsection 820-111(1) or subsection 820-111(2).

    If you have written code 8 at A item 32, you do not need to complete this question.

    If you have relied on worldwide gearing debt and capital tests, answer Yes at A item 39 and complete the relevant labels.

    If you have written code 7 (outward investing entity (ADI)) at A item 32 write:

    • At B, the worldwide group capital ratio worked out in accordance with subsection 820-320(3). For example, if the amount worked out under step 1 of the method statement in subsection 820-320(3) is 5.42% of the amount worked out under step 2, the fractional whole number you must write at B is 0.05420.
    • At C, your worldwide capital amount worked out under subsection 820-320(2).

    If you have written code 1 or 2 (outward investor (non-ADI)) at A item 32 write:

    • At D, the amount of your worldwide debt, as defined in subsection 995-1(1), used to calculate the result of step 1 in the following subsections if you have written
      • code 1 at A item 32, step 1 in subsection 820-110(1)
      • code 2 at A item 32, step 1 in subsection 820-110(2).
       
    • At E, the amount of your worldwide equity, as defined in subsection 995-1(1), used to calculate the result of step 1 in the following subsections if you have written
      • code 1 at A item 32, step 1 in subsection 820-110(1)
      • code 2 at A item 32, step 1 in subsection 820-110(2).
       
    • At F, your worldwide gearing debt amount worked out under the following subsections if you have written
      • code 1 at A item 32, under subsection 820-110(1)
      • code 2 at A item 32, under subsection 820-110(2).
       

    If you have written code 3, 4, 5 or 6 (inward investing entity (non-ADI)), or code 9 or 10 (inward investment vehicle which is also an outward investor (non-ADI)) at A item 32 write:

    • At D, the amount of your statement worldwide debt, as defined in subsection 995-1(1), used to calculate the result of step 1 in the following sections if you have written
      • code 3 at A item 32, step 1 in section 820-216
      • code 4 at A item 32, step 1 in section 820-217
      • code 5 at A item 32, step 1 in section 820-218
      • code 6 at A item 32, step 1 in section 820-219
      • code 9 at A item 32, step 1 in subsection 820-111(1)
      • code 10 at A item 32, step  1 in subsection 820-111(2).
       
    • At E, the amount of your statement worldwide equity, as defined in subsection 995-1(1), used to calculate the result of step 1 in the following sections if you have written
      • code 3 at A item 32, step 1 in section 820-216
      • code 4 at A item 32, step 1 in section 820-217
      • code 5 at A item 32, step 1 in section 820-218
      • code 6 at A item 32, step 1 in section 820-219
      • code 9 at A item 32, step 1 in subsection 820-111(1)
      • code 10 at A item 32, step 1 in subsection 820-111(2).
       
    • At F, your worldwide gearing debt amount worked out under the following sections if you have written
      • code 3 at A item 32, under section 820-216
      • code 4 at A item 32, under section 820-217
      • code 5 at A item 32, under section 820-218
      • code 6 at A item 32, under section 820-219
      • code 9 at A item 32, under subsection 820-111(1)
      • code 10 at A item 32, under subsection 820-111(2).
       
    • At G, the amount of your statement worldwide assets, as defined in subsection 995-1(1), for the purpose of applying subsection 820-90(3) if you have written
      • code 3 at A item 32, and have applied section 820-216
      • code 4 at A item 32, and have applied section 820-217
      • code 5 at A item 32, and have applied section 820-218
      • code 6 at A item 32, and have applied section 820-219
      • code 9 at A item 32, and have applied subsection 820-111(1)
      • code 10 at A item 32, and have applied subsection 820-111(2).
       
    • At H, the amount of your average Australian assets, as defined in subsection 995-1(1), for the purpose of applying subsection 820-90(3) if you have written  
      • code 3 at A item 32, and have applied section 820-216
      • code 4 at A item 32, and have applied section 820-217
      • code 5 at A item 32, and have applied section 820-218
      • code 6 at A item 32, and have applied section 820-219
      • code 9 at A item 32, and have applied subsection 820-111(1)
      • code 10 at A item 32, and have applied subsection 820-111(2).
       
    Last modified: 06 Nov 2018QC 55230