Document ID: chunk:federal_register_of_legislation:C2004C00958:clause:1_9:p4
Version: federal_register_of_legislation:C2004C00958
Segment Type: clause
Provision Reference: sch 1 cl 9 (pt 4/4)
Character Range: 623715–624731

property left after partial realisation

  This Division applies as if what is left of the item after the *partial realisation were the same item of *intellectual property as before the partial realisation.

Subdivision 373‑D—Balancing adjustments

Table of sections

373‑60 When balancing adjustment is required
373‑65 How to do the adjustment
373‑70 Meaning of termination value
373‑75 Meaning of written down value

373‑60  When balancing adjustment is required

 (1) A balancing adjustment is required if:

 (a) you have incurred *expenditure on an item of *intellectual property; and

 (b) you have ever used for the *purpose of producing assessable income either the item itself or the invention, design, work or other subject matter to which the item relates; and

 (c) a *balancing adjustment event happens during the *current year at a time when you own the item.

 (2) A balancing adjustment event is an event listed in the table.

Balancing adjustment events
Item                         Event