Document ID: chunk:federal_register_of_legislation:C2013A00101:clause:2_19
Version: federal_register_of_legislation:C2013A00101
Segment Type: clause
Provision Reference: sch 2 cl 19
Character Range: 45903–46469

19  Subsection 434(3)
Repeal the subsection, substitute:
 (3) If:
 (a) arm's length conditions are taken by Subdivision 815‑B of the Income Tax Assessment Act 1997 to operate for purposes relating to the company; and
 (b) had those conditions operated, an amount described in any of the paragraphs of subsection (1) as being an amount shown in the recognised accounts of the company for the statutory account period would have been different;
then the different amount is substituted for the amount shown in the recognised accounts.

Income Tax Assessment Act 1997