Document ID: chunk:federal_register_of_legislation:C2013C00453:clause:1_12:p25
Version: federal_register_of_legislation:C2013C00453
Segment Type: clause
Provision Reference: sch 1 cl 12 (pt 25/39)
Character Range: 201873–204417

which you start to have the arrangement; and
 (c) where subparagraph (a)(iii) applies—you satisfy subsection (3) for the income year in which you start to have the arrangement; and
 (d) where subparagraph (iv) applies—you satisfy subsection (4) for the income year in which you start to have the arrangement; and
 (e) either:
 (i) the arrangement is to end not more than 12 months after you start to have it; or
 (ii) the arrangement is not a *qualifying security.
 (2) An entity satisfies this subsection for an income year if:
 (a) the value of the entity's assets (see subsection (5)) for the income year (worked out at the end of the income year) is less than $100 million if the income year is the one in which the entity comes into existence; or
 (b) the value of the entity's assets for the immediately preceding income year (worked out at the end of that immediately preceding income year) is less than $100 million if the income year is an income year after the one in which the entity comes into existence.
 (3) An entity satisfies this subsection for an income year if:
 (a) the entity's *aggregated turnover for the income year (worked out at the end of the income year) is less than $20 million if the income year is the one in which the entity comes into existence; or
 (b) the entity's aggregated turnover for the immediately preceding income year (worked out at the end of that immediately preceding income year) is less than $20 million if the income year is an income year after the one in which the entity comes into existence.
 (4) An entity satisfies this subsection for an income year if:
 (a) either:
 (i) the entity's *aggregated turnover for the income year (worked out at the end of the income year) is less than $100 million if the income year is the one in which the entity comes into existence; or
 (ii) the entity's aggregated turnover for the immediately preceding income year (worked out at the end of that immediately preceding income year) is less than $100 million if the income year is an income year after the one in which the entity comes into existence; and
 (b) either:
 (i) the value of the entity's financial assets (see subsection (5)) for the income year (worked out at the end of the income year) is less than $100 million if the income year is the one in which the entity comes into existence; or
 (ii) the value of the entity's financial assets for the immediately preceding income year (worked out at the end of that immediately preceding income year) is less than $100 million if the income year