Document ID: chunk:federal_register_of_legislation:C2010C00648:clause:1_19
Version: federal_register_of_legislation:C2010C00648
Segment Type: clause
Provision Reference: sch 1 cl 19
Character Range: 24312–25085

19  Paragraphs 320‑40(6)(a) and (b)
Repeal the paragraphs, substitute:
 (a) the sum of the amounts transferred from the segregated exempt assets in the income year under subsection 320‑235(1) or 320‑250(2);
less:
 (b) so much of the sum of:
 (i) any amounts transferred to the segregated exempt assets in the income year under subsection 320‑235(3) or 320‑240(1); and
 (ii) any of the amounts mentioned in paragraph (a) that are related to expenses incurred by the company in respect of policies that provide for *participating benefits or *discretionary benefits; and
 (iii) any of the amounts mentioned in paragraph (a) that are not covered by subparagraph (ii) and are covered by subsection (6A);
  as does not exceed the sum of the amounts mentioned in paragraph (a).