Document ID: chunk:federal_register_of_legislation:C2024C00818:section:48a:p3
Version: federal_register_of_legislation:C2024C00818
Segment Type: section
Provision Reference: s 48A (pt 3/3)
Character Range: 180423–181679

the transfer percentage of any eligible real expenditure incurred by the vendor in relation to the project (including any pre‑combination project in relation to the project).

Application of section 40
 (10) In any application of section 40 after the transfer time, the purchaser, or each of the purchasers in proportion to its acquired entitlement to assessable receipts, is taken to have brought to account as a receipt of a kind referred to in section 24, 25, 27, 28 or 29 in relation to the project (including any pre‑combination project in relation to the project) the transfer percentage of any debt so brought to account by the vendor.

Transfer notice to be given to purchasers
 (11) The vendor must give written notice of the transaction, in the approved form, to each purchaser before the end of the latest of the following days:
 (a) the 60th day after the transfer time;
 (b) the 60th day after the purchaser gives consideration for the transfer of the part of the entitlement;
 (c) if the project is the North West Shelf project, and the transaction time occurred between 1 July 2012 and 30 June 2013—31 August 2013.
Note: Subdivision 388‑B in Schedule 1 to the Taxation Administration Act 1953 applies to approved forms under this subsection.