Document ID: chunk:federal_register_of_legislation:C2015A00162:clause:1_36
Version: federal_register_of_legislation:C2015A00162
Segment Type: clause
Provision Reference: sch 1 cl 36
Character Range: 11441–12090

36  Subsections 40‑370(3) and (4)
Repeal the subsections, substitute:
 (3) In working out the *adjustable value for the income years for which you chose the "cents per kilometre method", assume the decline in value was calculated under this Division on the same basis as those income years when that method did not apply.
 (4) In working out the reduction in step 2 for the income years for which you chose the "cents per kilometre method", assume that:
 (a) you had not chosen that method for the *car; and
 (b) Division 28 (about car expenses) had not applied to the car; and
 (c) 20% was the extent of your use of the car for *taxable purposes.