Document ID: chunk:federal_register_of_legislation:C2004C01190:clause:2_98
Version: federal_register_of_legislation:C2004C01190
Segment Type: clause
Provision Reference: sch 2 cl 98
Character Range: 99048–99662

98  Subsection 398(3)
Repeal the subsection, substitute:

 (3) For the purpose of exercising his or her power under subsection (2) to determine a notional allowable deduction in relation to:
 (a) sections 54 to 62 of this Act; or
 (b) the former Division 42 (Depreciation) of the Income Tax Assessment Act 1997 (other than Subdivisions 42‑L and 42‑M); or
 (c) Division 40 of that Act (other than Subdivision 40‑E);
the Commissioner must assume that the property was used by the eligible CFC during any non‑attributable income period wholly and exclusively for the purpose of producing notional assessable income.