Document ID: chunk:federal_register_of_legislation:C2015A00150:clause:1_98
Version: federal_register_of_legislation:C2015A00150
Segment Type: clause
Provision Reference: sch 1 cl 98
Character Range: 132677–133432

98  Working out capital gains
  For the purposes of this Subdivision, the amount of the capital gain that was made or would be made on the disposal by a person (the offender) of an interest to another person (the third party) is the higher of the following amounts:
 (a) if an agreement has been entered into in relation to disposing of the interest to the third party—the difference between:
 (i) the consideration for the acquisition by the third party; and
 (ii) the amount for which the offender purchased the interest;
 (b) in any case—the difference between:
 (i) the market value of the interest; and
 (ii) the amount for which the offender purchased the interest.

Division 4—Miscellaneous

Subdivision A—Application of the Regulatory Powers Act