Document ID: chunk:federal_register_of_legislation:C2019C00124:clause:4_8
Version: federal_register_of_legislation:C2019C00124
Segment Type: clause
Provision Reference: sch 4 cl 8
Character Range: 155544–156169

8  At the end of section 284‑150 in Schedule 1
Add:

Scheme shortfall amount for managed investment trust non‑arm's length income
 (6) Despite subsection (2), your scheme shortfall amount for a *scheme to which subsection 284‑145(2C) applies is the total amount of additional income tax you are liable to pay as mentioned in that subsection.
 (7) Disregard your *scheme shortfall amount for a *scheme to which subsection 284‑145(1) applies to the extent that scheme shortfall amount is attributable to additional tax that is, or is part of, your scheme shortfall amount for a scheme to which subsection 284‑145(2C) applies.