Document ID: chunk:federal_register_of_legislation:C2010C00690:clause:1_2
Version: federal_register_of_legislation:C2010C00690
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 147594–149125

2                                         At the same time as the losses in the *bundle were most recently transferred, losses in one or more other bundles were transferred from the same transferor to the same transferee, and the losses in the bundle or one of the other bundles had not been transferred before  The result of dividing the lesser of:
                                                                                                                                                                                                                                                                                                                        (a) the available fraction (apart from this subsection) for the bundle of losses that had not been transferred before; and
                                                                                                                                                                                                                                                                                                                        (b) 1;
                                                                                                                                                                                                                                                                                                                        by the sum of the available fractions for all the bundles (apart from this item applying to transfers at the time)