Document ID: chunk:federal_register_of_legislation:C2025C00180:schedule:1:p12
Version: federal_register_of_legislation:C2025C00180
Segment Type: schedule
Provision Reference: sch 1 (pt 12/27)
Character Range: 734195–736847

the group are treated as a single entity for the purposes of this Part.)
Note 2: If during that period you are a partner in a partnership, or a beneficiary of a trust, your instalment income also includes some of the partnership's or trust's instalment income for the period (except in some cases). See Subdivision 45‑H or 45‑I.

Statutory income included for some entities
 (2) The instalment income of:
 (a) a *complying approved deposit fund or a *non‑complying approved deposit fund; or
 (b) a *complying superannuation fund or a *non‑complying superannuation fund; or
 (c) a *pooled superannuation trust;
for a period also includes the entity's *statutory income, to the extent that:
 (d) it is reasonably attributable to that period; and
 (e) it is assessable income of the income year that is or includes that period.
 (2A) The instalment income of a *life insurance company for a period also includes any part of its *statutory income that:
 (a) is reasonably attributable to that period; and
 (b) is included in the *complying superannuation class of its taxable income for the income year that is or includes that period.

Net gains under Subdivision 250‑E of the Income Tax Assessment Act 1997 included in instalment income
 (2B) Your instalment income for a period also includes the difference between:
 (a) a gain (or gains) you make from a *financial arrangement to the extent to which it is (or they are):
 (i) assessable under Subdivision 250‑E of the Income Tax Assessment Act 1997; and
 (ii) reasonably attributable to that period; and
 (b) a loss (or losses) you make from a financial arrangement to the extent to which it is (or they are):
 (i) allowable to you as a deduction under Subdivision 250‑E of the Income Tax Assessment Act 1997; and
 (ii) reasonably attributable to that period.
This is so only if the gain (or gains) referred to in paragraph (a) exceeds the loss (or losses) referred to in paragraph (b).

Effect of Division 230 of the Income Tax Assessment Act 1997 on instalment income
 (2C) Your instalment income for a period also includes the difference between:
 (a) a gain (or gains) you make from a *financial arrangement to the extent to which it is (or they are):
 (i) assessable under Division 230 of the Income Tax Assessment Act 1997; and
 (ii) reasonably attributable to that period; and
 (b) a loss (or losses) you make from a financial arrangement to the extent to which it is (or they are):
 (i) allowable to you as a deduction under Division 230 of the Income Tax Assessment Act 1997; and
 (ii) reasonably attributable to that period.
This is so only if the gain (or gains) referred to in paragraph (a)