Document ID: chunk:federal_register_of_legislation:C2010C00622:clause:1_460a
Version: federal_register_of_legislation:C2010C00622
Segment Type: clause
Provision Reference: sch 1 cl 460A
Character Range: 10471–11253

460A  Effect of reducing section 160ZZOA amount

 (1) This section applies in either of the following cases:
 (a) one or more schemes or arrangements have the effect of reducing the attribution percentage of an attributable taxpayer in relation to a company that is a CFC, and are intended by the attributable taxpayer or an associate of the attributable taxpayer to have that effect;
 (b) a company ceases to be a CFC in relation to a particular taxpayer.

 (2) Work out the amount (if any) included under this Division in the taxpayer's assessable income because of section 160ZZOA (as it notionally applies to the company under Division 7) as though the reduction or cessation had not happened.

Note: Section 160ZZOA is about companies ceasing to be related after a roll‑over.