Document ID: chunk:federal_register_of_legislation:C2010C00648:clause:1_18
Version: federal_register_of_legislation:C2010C00648
Segment Type: clause
Provision Reference: sch 1 cl 18
Character Range: 23618–24312

18  After subsection 320‑40(5)
Insert:

 (5A) This subsection covers amounts that:
 (a) are related to expenses incurred by the company directly in respect of *virtual PST assets in relation to a period during which the assets were virtual PST assets; and
 (b) were transferred from the *virtual PST in the income year (as mentioned in paragraph (5)(a)) because the expenses were not paid from the virtual PST as required by subsection 320‑195(4).

Note: For example, the amounts were transferred out of the virtual PST under subsection 320‑195(3) because fees or charges were imposed to recover those expenses (as the expenses would have been paid from assets other than virtual PST assets).