Document ID: chunk:federal_register_of_legislation:C2010C00605:clause:1_2
Version: federal_register_of_legislation:C2010C00605
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 8369–8978

2  Subsection 701‑30(3) (note)
Repeal the note, substitute:

Note: Other provisions of this Part are to be applied in working out the taxable income or loss, for example:
  *   section 701‑40 (Exit history rule); and
  *   Subdivision 716‑A (about assessable income and deductions spread over several membership or non‑membership periods); and
  *   section 716‑850 (about grossing up threshold amounts for periods of less than 365 days).

 Subdivision 716 also affects the tax position of the head company of a group of which the entity has been a subsidiary member for some but not all of the income year.