Document ID: chunk:federal_register_of_legislation:C2005A00162:clause:6_3
Version: federal_register_of_legislation:C2005A00162
Segment Type: clause
Provision Reference: sch 6 cl 3
Character Range: 31799–32387

3  At the end of section 164‑15
Add:

 (5) To avoid doubt, if:
 (a) it appears that a credit to the company's *non‑share capital account has arisen under this section because an interest in the company appears to be, or have become, an *equity interest at a time in a particular income year; and
 (b) because subsection 974‑75(6) or 974‑110(1A) is subsequently found to apply in relation to the interest and that income year, the interest was not in fact, or did not in fact become, an equity interest at that time;
the credit referred to in paragraph (a) is taken never to have arisen.