INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
Below is material substituted or repealed as inoperative in s 401 by No 101 of 2006.
For the purposes of this section, where the provision referred to in paragraph (1)(a) is in Part IIIA of this Act, as applied in accordance with this Division, references in this section to the disposal of an asset are references to the disposal of an asset within the meaning of Part IIIA of this Act as so applied.401(3)
(ii) if subparagraph (i) does not apply - only a proportion of each surplus (after any application of paragraph (b)) is to be taken into account under paragraph (1)(c), being the proportion calculated using the formula:
Total grossed-up surplus
Consideration means the amount of the consideration or the capital proceeds;
Total grossed-up surplus means the sum of the grossed-up amounts of the attribution surpluses (after any application of paragraph (b)).