Document ID: chunk:federal_register_of_legislation:C2021C00270:clause:5_28
Version: federal_register_of_legislation:C2021C00270
Segment Type: clause
Provision Reference: sch 5 cl 28
Character Range: 62754–63257

28  Subsection 355‑315(3)
Repeal the subsection, substitute:
 (3) If an amount would be included in the *R&D entity's assessable income for the event year under subsection 40‑285(1) for the asset and the event if Division 40 applied as described in paragraph (1)(e), that amount is included in the R&D entity's assessable income for the event year.
Note: Some or all of the amount included in the R&D entity's assessable income may result in a clawback amount for the R&D entity (see section 355‑446).