Document ID: chunk:federal_register_of_legislation:C2024A00052:clause:7_3
Version: federal_register_of_legislation:C2024A00052
Segment Type: clause
Provision Reference: sch 7 cl 3
Character Range: 54646–55515

3  Paragraphs 295‑550(5)(b) and (c)
Repeal the paragraphs, substitute:
 (b) if the entity is of a kind referred to in paragraph (8)(a) (about certain small entities)—in acquiring the entitlement or in gaining or producing the income, the entity incurs a loss, outgoing or expenditure of an amount that is less than the amount of a loss, outgoing or expenditure that the entity might have been expected to incur if those parties had been dealing with each other at arm's length in relation to the scheme;
 (c) if the entity is of a kind referred to in paragraph (8)(a) (about certain small entities)—in acquiring the entitlement or in gaining or producing the income, the entity does not incur a loss, outgoing or expenditure that the entity might have been expected to incur if those parties had been dealing with each other at arm's length in relation to the scheme.