Document ID: chunk:federal_register_of_legislation:C2011C00698:clause:5_205
Version: federal_register_of_legislation:C2011C00698
Segment Type: clause
Provision Reference: sch 5 cl 205
Character Range: 154127–154741

205  Paragraph 705‑85(3)(a)
Repeal the paragraph, substitute:
 (a) the amount that would be the balance of the joining entity's *non‑share capital account, assuming that:
 (i) if the joining entity is not a company—the joining entity were a company; and
 (ii) each *non‑membership equity interest (if any) in the joining entity held at the joining time by a person other than a *member of the joined group were a *non‑share equity interest in the joining entity; and
 (iii) the non‑share equity interests (if any) mentioned in subparagraph (ii) were the only non‑share equity interests in the joining entity; and