Document ID: chunk:federal_register_of_legislation:C2009C00311:clause:4_9
Version: federal_register_of_legislation:C2009C00311
Segment Type: clause
Provision Reference: sch 4 cl 9
Character Range: 31482–32070

9  Subsection 82KZMGA(1)
Repeal the subsection, substitute:

 (1) A taxpayer cannot deduct expenditure in relation to which the requirements in section 82KZMG (apart from paragraph 82KZMG(2)(a)) are met if:
 (a) the taxpayer holds the taxpayer's interest in the agreement mentioned in section 82KZMG as an initial participant in the agreement; and
 (b) a CGT event happens in relation to that interest within 4 years after the end of the year of income in which the taxpayer first incurred expenditure under the agreement; and
 (c) the expenditure is incurred on or before 30 June 2008.