Document ID: chunk:federal_register_of_legislation:C2025C00030:section:38ae:p3
Version: federal_register_of_legislation:C2025C00030
Segment Type: section
Provision Reference: s 38AE (pt 3/3)
Character Range: 123208–124307

quarter; and
                (b) the amount of any quarterly surplus that the liable entity has for the third quarter of the assessment year.

            The result is the surrendered amount.
           Step 4. If the required surrender amount is zero or greater, subtract the surrendered amount from the required surrender amount.
           Result: If the result is greater than zero, the liable entity has a quarterly shortfall for the fourth quarter of the assessment year equal to the result.
            If the result is zero, the liable entity does not have a quarterly shortfall for the fourth quarter of the assessment year.
            If the result is less than zero, the liable entity has a quarterly surplus for the fourth quarter of the assessment year equal to the result (expressed as a positive amount).
           Step 5. If the required surrender amount is less than zero, add together that amount (expressed as a positive) to the surrendered amount.
           Result: The liable entity has a quarterly surplus for the fourth quarter of the assessment year equal to the result.