Document ID: chunk:federal_register_of_legislation:C2025C00014:section:362:p2
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 362 (pt 2/2)
Character Range: 1948281–1949518

been apart from subsection 356(2) or 360(1), as the case may be; and
 (c) at the test time, there are other eligible transferors in relation to the attributing CFT or the interposed CFT, as the case may be; and
 (d) the attributable taxpayer gives to the Commissioner such information, and produces to the Commissioner such documents, as the Commissioner requires in connection with the operation of this subsection;
the Commissioner may reduce the attribution percentage referred to in paragraph (a) by such amount as the Commissioner considers reasonable in the circumstances.
 (5) If, apart from this subsection, the aggregate of the attribution percentages of all the attributable taxpayers in relation to a CFC or CFT at a particular time would exceed 100%, the attribution percentage of each of those attributable taxpayers is the percentage calculated using the formula:

where:
Individual percentage  means the percentage that would, apart from this subsection, be the attribution percentage of the attributable taxpayer concerned.
Total percentage  means the aggregate of the percentages that would, apart from this subsection, be the attribution percentages of all the attributable taxpayers.

Division 4—Attribution accounts