Document ID: chunk:federal_register_of_legislation:C2020A00008:clause:2_4
Version: federal_register_of_legislation:C2020A00008
Segment Type: clause
Provision Reference: sch 2 cl 4
Character Range: 6902–7530

4  Subsection 61‑770(3)
Repeal the subsection, substitute:
 (3) If, under the terms and conditions under which the trust or partnership operates, the *member would be entitled to a fixed proportion of any *capital gain from a *disposal:
 (a) relating to the trust or partnership; and
 (b) of investments made as a result of the contributions that gave rise to the notional tax offset; and
 (c) happening at the end of the income year to which the notional tax offset relates;
the percentage determined under subsection (2) must be equivalent to that fixed proportion, and a determination of any other percentage has no effect.