Document ID: chunk:federal_register_of_legislation:C2010C00615:clause:1_7
Version: federal_register_of_legislation:C2010C00615
Segment Type: clause
Provision Reference: sch 1 cl 7
Character Range: 8751–9302

7  Paragraph 165‑115A(1)(c)
Repeal the paragraph, substitute:
 (c) either of the following applies:
 (i) the company makes a *capital loss, or apart from this Subdivision would be entitled to a deduction, in respect of a *CGT event that happens to a *CGT asset referred to in subsection (1A);
 (ii) the company makes a *trading stock loss in respect of a CGT asset referred to in subsection (1A) that is an item of *trading stock; and
 (d) the company would not, at the changeover time, satisfy the maximum net asset value test under section 152‑15.