Document ID: chunk:federal_register_of_legislation:C2005A00162:clause:6_2
Version: federal_register_of_legislation:C2005A00162
Segment Type: clause
Provision Reference: sch 6 cl 2
Character Range: 31103–31799

2  Subsection 164‑15(2)
Repeal the subsection, substitute:

 (2) If paragraph 164‑10(1)(c), (d) or (e) applies in relation to a particular interest in the company, there is a credit to the *non‑share capital account at the change time referred to in that paragraph of an amount equal to:
where:

amount received is the market value, when it was provided, of the consideration the company received for the issue of the interest.

amount returned is so much of the amount received as has been returned to a holder of the interest before the change time.

share capital account credit is the amount of any credit made to the company's share capital account in respect of the issue of the interest.