Document ID: chunk:federal_register_of_legislation:C2010C00605:clause:1_3:p10
Version: federal_register_of_legislation:C2010C00605
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 10/10)
Character Range: 30489–31444

from 2 or more such amounts, and another amount.

Note: The other amount assumes an income year of 365 days.

 (2) This section affects how such a provision (the threshold provision) operates for the purposes of subsection 701‑30(3), which requires each thing covered by paragraph (1)(a), (b) or (c) of this section to be worked out for an entity for a non‑membership period (under section 701‑30) during an income year.

Note: A non‑membership period is a period (of less than an income year) when the entity is not a subsidiary member of any consolidated group.

 (3) An amount that would otherwise be worked out for the non‑membership period, for the purposes of the comparison under the threshold provision, is instead:
 (a) to be worked out by reference to the period (the reference period) starting at the start of the income year and ending at the end of the non‑membership period; and
 (b) then to be grossed up by multiplying it by this fraction: