Document ID: chunk:federal_register_of_legislation:C2014C00749:clause:2_5
Version: federal_register_of_legislation:C2014C00749
Segment Type: clause
Provision Reference: sch 2 cl 5
Character Range: 7648–8243

5  Paragraph 701‑70(3)(a)
Repeal the paragraph, substitute:
 (a) the following income year (the joining adjustment year):
 (i) if the combining entity is the *head company and the joining time occurs at the start of an income year—the income year before that income year; or
 (ii) if the combining entity is the head company and subparagraph (i) does not apply—the income year in which the joining time occurs; or
 (iii) in any other case—the income year that ends, or, if section 701‑30 applies, the income year that is taken by subsection (3) of that section to end, at the joining time; and