Document ID: chunk:federal_register_of_legislation:C2025C00014:section:159go:p3
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 159GO (pt 3/3)
Character Range: 1412028–1413708

(g) by reason of making or agreeing to make the additional contribution, the individual interest of the taxpayer in that net income or partnership loss, being that individual interest expressed as a fraction of the aggregate of the individual interests of the partners in that net income or partnership loss, is greater than it would otherwise have been;
the following provisions have effect:
 (h) where a deduction was taken into account in calculating that net income or partnership loss—there shall be included in the assessable income of the taxpayer of the relevant year of income an amount ascertained in accordance with the formula A (B – C);
 (j) where an arrangement payment was taken into account in calculating that net income or partnership loss—there shall be allowable as a deduction in the assessment of the taxpayer of the relevant year of income an amount ascertained in accordance with the formula A (B – C);
where:
  A  is the amount of the relevant deduction or of the relevant arrangement payment, as the case requires;
  B  is the individual interest of the taxpayer in that net income or partnership loss, being that individual interest expressed as a fraction of the aggregate of the individual interests of the partners in that net income or partnership loss; and
  C  is the fraction that would be B if that fraction were ascertained on the basis of the individual interests of the partners immediately before the earliest application time and the net income or partnership loss at that time were equal to the net income or partnership loss of the relevant year of income.

Division 16E—Accruals assessability etc. in respect of certain security payments