Document ID: chunk:federal_register_of_legislation:C2010C00622:clause:1_17
Version: federal_register_of_legislation:C2010C00622
Segment Type: clause
Provision Reference: sch 1 cl 17
Character Range: 13502–14069

17  Section 317 (paragraph (b) of the definition of tainted commodity gain and the note to that definition)
Repeal the paragraph and the note, substitute:
 (b) a capital gain that the company would have made in the statutory accounting period because CGT event J1 would have happened in relation to a tainted commodity investment, if the assumptions in paragraphs 383(a) to (c) applied.

Note: Basically, the effect of those assumptions is that the company concerned is taken to be a taxpayer and a resident and CGT event J1 may therefore be taken to have happened.