Income Tax Assessment Act 1997
This section applies if:
(a) this Division applies to you and an asset; and
(b) the *arrangement period for the *tax preferred use of the asset ends because a particular event happens; and
(c) the event would have been a *balancing adjustment event for the asset for the purposes of Subdivision 40-D if this Division had not applied to you and the asset when the event happened. 250-290(2)
A balancing adjustment is made under Subdivision 40-D as if:
(a) the event were a *balancing adjustment event for the asset; and
(b) the *adjustable value of the asset, just before the event happened, were the adjustable value worked out under subsection 250-285(1) ; and
(c) sections 40-290 , 40-291 , 40-292 and 40-293 did not apply.
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