Document ID: chunk:federal_register_of_legislation:C2010C00222:clause:1_26
Version: federal_register_of_legislation:C2010C00222
Segment Type: clause
Provision Reference: sch 1 cl 26
Character Range: 7277–7957

26  Subsections 295‑555(3) and (4)
Repeal the subsections, substitute:

 (3) However, if the sum of the *RSA component and the *FHSA component (if any) is more than the *RSA provider's taxable income:
 (a) the provider's taxable income is equal to that sum; and
 (b) this Act applies to the provider as if it had a *tax loss for the income year of an amount that would have been that loss if the RSA component and the FHSA component (if any) were not *ordinary income or *statutory income.

 (4) The standard component is the remaining part (if any) of the *RSA provider's taxable income for the income year after subtracting the *RSA component and the *FHSA component (if any).