Document ID: chunk:federal_register_of_legislation:C2010C00622:clause:1_3
Version: federal_register_of_legislation:C2010C00622
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 6919–7636

3  Section 317 (definition of tainted commodity gain)
Omit all the words after "a statutory accounting period,", substitute:
means:
 (a) a gain realised by the company in the statutory accounting period from disposing of a tainted commodity investment; or
 (b) a capital gain that would have accrued to the company in the statutory accounting period, if the assumptions in paragraphs 383(a) to (c) applied, because the company would be taken to have disposed of a tainted commodity investment under section 160ZZOA.

Note: Basically, the effect of those assumptions is that the company concerned is taken to be a taxpayer and a resident and may therefore be taken to have disposed of an asset under section 160ZZOA.