Document ID: chunk:federal_register_of_legislation:C2010C00622:clause:1_4
Version: federal_register_of_legislation:C2010C00622
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 7636–8351

4  Section 317 (definition of tainted commodity loss)
Omit all the words after "a statutory accounting period,", substitute:
means:
 (a) a loss realised by the company in the statutory accounting period from disposing of a tainted commodity investment; or
 (b) a capital loss that the company would have incurred in the statutory accounting period, if the assumptions in paragraphs 383(a) to (c) applied, because the company would be taken to have disposed of a tainted commodity investment under section 160ZZOA.

Note: Basically, the effect of those assumptions is that the company concerned is taken to be a taxpayer and a resident and may therefore be taken to have disposed of an asset under section 160ZZOA.