Document ID: chunk:federal_register_of_legislation:C2012C00706:clause:3_9:p2
Version: federal_register_of_legislation:C2012C00706
Segment Type: clause
Provision Reference: sch 3 cl 9 (pt 2/2)
Character Range: 75081–75946

of the operation of subsection 701‑1(1) (the single entity rule)); or
 (b) the entity:
 (i) held the asset at a time in that income year; and
 (ii) ceased to be a *subsidiary member of the group in that income year or an earlier income year.
 (6) An amount deducted under this section:
 (a) is not to be deducted under any other provision of this Act; and
 (b) is not to be taken into account in determining an amount that is included in the assessable income of any entity qualified for a deduction under subsection (5) for any income year for the asset; and
 (c) is not to be taken into account in determining an amount of a deduction of any entity qualified for a deduction under subsection (5) for any income year for the asset; and
 (d) despite paragraphs (b) and (c), is taken never to have been included in any of the elements of the *cost base of the asset.