Income Tax Assessment Act 1997
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Hide history noteSECTION 820-932 Worldwide debt and worldwide equity
Worldwide debt
820-932(1)
An entity ' s worldwide debt at a particular time, means the total of the following amounts:
(a) all the *debt interests issued by the entity:
(i) to entities other than any *Australian controlled foreign entities (the controlled entities ) of which the entity is an *Australian controller at that time; and
(ii) that are still *on issue at that time;
(b) all the debt interests issued by the controlled entities:
(i) to entities other than the entity or other controlled entities; and
(ii) that are still on issue at that time.
Worldwide equity
820-932(2)
An entity ' s worldwide equity 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.
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