Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_16:p11
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 16 (pt 11/58)
Character Range: 666882–669805

year; or
 (e) if none of the tax periods applying to you in a particular year ends on 30 June—closer to 30 June than any of the other tax periods applying to you in that year;
is the last *adjustment period for the acquisition or importation in question.
 (2) Despite section 129‑20, if:
 (a) you dispose of a thing acquired or imported; and
 (b) the disposal takes place in circumstances giving rise to a *decreasing adjustment under Division 132;
then:
 (c) the last *adjustment period to end before the disposal is the last adjustment period for the acquisition or importation in question; and
 (d) if no such adjustment period ended before the disposal, there is no adjustment period for the acquisition or importation.
 (3) This section does not apply to a disposal if this Division continues to apply to the acquisition or importation of the thing because of subsection 138‑17(2).

Subdivision 129‑C—When adjustments for acquisitions and importations arise

129‑40  Working out whether you have an adjustment
 (1) This is how to work out whether you have an *increasing adjustment or a *decreasing adjustment under this Division, for an *adjustment period, for an acquisition or importation:

      Method statement
           Step 1. Work out the extent (if any) to which you have *applied the thing acquired or imported for a *creditable purpose during the period of time:

                (a) starting when you acquired or imported the thing; and
                (b) ending at the end of the *adjustment period.

            This is the actual application of the thing.
           Step 2. Work out:

                (a) if you have not previously had an *adjustment under this Division for the acquisition or importation—the extent (if any) to which you acquired or imported the thing for a *creditable purpose; or
                (b) if you have previously had an *adjustment under this Division for the acquisition or importation—the *actual application of the thing in respect of the last adjustment.

            This is the intended or former application of the thing.
           Step 3. If the *actual application of the thing is less than its *intended or former application, you have an increasing adjustment, for the *adjustment period, for the acquisition or importation.
           Step 4. If the *actual application of the thing is greater than its *intended or former application, you have a decreasing adjustment, for the *adjustment period, for the acquisition or importation.
           Step 5. If the *actual application of the thing is the same as its *intended or former application, you have neither an increasing adjustment nor a decreasing adjustment, for the *adjustment period, for the acquisition or importation.
 (2) *Actual applications and *intended or former applications are to be expressed as percentages.
 (3) If the thing is acquired through a *reduced credit acquisition and,