Document ID: chunk:federal_register_of_legislation:C2004C01244:clause:1_25
Version: federal_register_of_legislation:C2004C01244
Segment Type: clause
Provision Reference: sch 1 cl 25
Character Range: 10645–11203

25  After subsection 46A(3)
Insert:

 (3A) If this section applies to a shareholder that is a company that must work out its taxable income for the year of income under Subdivision 165-B (Working out the taxable income and tax loss for the income year of the change) of the Income Tax Assessment Act 1997, this section applies to the shareholder as if:
 (a) that Subdivision did not apply to the shareholder; and
 (b) the shareholder were instead required to work out its taxable income under section 4-15 (How to work out your taxable income) of that Act.