Document ID: chunk:federal_register_of_legislation:C2010C00583:clause:3_1
Version: federal_register_of_legislation:C2010C00583
Segment Type: clause
Provision Reference: sch 3 cl 1
Character Range: 9593–10087

1  Paragraph 104‑510(1)(a) (second occurring)
Repeal the paragraph, substitute:
 (b) the sum of the *tax cost setting amounts for all *retained cost base assets that:
 (i) become assets of the *head company of the group because subsection 701‑1(1) (the single entity rule) applies; and
 (ii) are taken into account under paragraph 705‑35(1)(b) in working out the tax cost setting amount of each reset cost base asset of the entity;
  exceeds the group's *allocable cost amount for the entity.