Document ID: chunk:federal_register_of_legislation:C2019A00015:clause:1_3
Version: federal_register_of_legislation:C2019A00015
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 3693–4175

3  Paragraphs 104‑107A(1)(b) and (c)
Repeal the paragraphs, substitute:
 (b) either:
 (i) the *cost base of that asset is reduced under subsection 104‑107B(2) during the income year; or
 (ii) the cost base of that asset is nil at the start of the income year; and
 (c) the asset's *AMIT cost base net amount for the income year is the excess mentioned in paragraph 104‑107C(a); and
 (d) the asset's AMIT cost base net amount for the income year exceeds the cost base of the asset.