Document ID: chunk:federal_register_of_legislation:C2014C00749:clause:15_3:p13
Version: federal_register_of_legislation:C2014C00749
Segment Type: clause
Provision Reference: sch 15 cl 3 (pt 13/13)
Character Range: 418374–419361

none of the following is treated as the *providing of economic benefits *in connection with the IVS scheme:
 (a) a decrease (or future decrease) in the market value of *down interests owned by the first entity or the other entity, to the extent that the decrease is (or will be) covered by subsection 725‑155(1);
 (b) an increase (or future increase) in the market value of *up interests owned by the first entity or the other entity, to the extent that the increase is (or will be) covered by subsection 725‑145(3);
 (c) an issue of *up interests at a *discount to the first entity or the other entity, to the extent that the issue is (or will be) covered by subsection 725‑145(2).
Note: Value shifted from down interests owned by the other entity to up interests owned by the first entity are dealt with by a separate application of this Subdivision to those interests (because of paragraphs 727‑905(2)(a) and (b).

Part 2—Amendment of the Income Tax (Transitional Provisions) Act 1997