Document ID: chunk:federal_register_of_legislation:C2020A00008:clause:2_10
Version: federal_register_of_legislation:C2020A00008
Segment Type: clause
Provision Reference: sch 2 cl 10
Character Range: 9752–10343

10  Subsection 360‑30(3)
Repeal the subsection, substitute:
 (3) If, under the terms and conditions under which the trust or partnership operates, the *member would be entitled to a fixed proportion of any *capital gain from a *disposal:
 (a) relating to the trust or partnership; and
 (b) of the *shares that gave rise to the notional tax offset; and
 (c) happening at the end of the income year to which the notional tax offset relates;
the percentage determined under subsection (2) must be equivalent to that fixed proportion, and a determination of any other percentage has no effect.