Document ID: chunk:federal_register_of_legislation:C2010C00608:clause:4_67
Version: federal_register_of_legislation:C2010C00608
Segment Type: clause
Provision Reference: sch 4 cl 67
Character Range: 16474–17062

67  Subsection 960‑275(3) (example)
Repeal the example, substitute:

Example: Peter acquires shares in a company. The shares are partly‑paid, and the company makes a call on the shares. Peter sells the shares to Narina before he is liable to pay the call.

 The amount Narina paid to Peter for the shares is indexed under subsection 960‑275(2) from the quarter in which she incurred the expenditure to acquire the shares.

 The amount Narina later pays for the call on the shares is indexed in accordance with subsection 960‑275(3) from the quarter in which she made that later payment.