Document ID: chunk:federal_register_of_legislation:C2020A00008:clause:2_9
Version: federal_register_of_legislation:C2020A00008
Segment Type: clause
Provision Reference: sch 2 cl 9
Character Range: 9267–9752

9  After subsection 360‑30(1)
Insert:
 (1A) However, reduce the amount worked out under subsection (1) to the extent necessary to ensure that the sum of the following does not exceed $200,000:
 (a) the sum of the *tax offsets under this Subdivision for the income year for which the member and the member's *affiliates (if any) are entitled;
 (b) the sum of the tax offsets under this Subdivision that the member and the member's affiliates (if any) carry forward to the income year.