INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
This section applies in relation to interests in the group if it is impracticable to value the interests in accordance with section 547 or 548.
549(2) [Valuation by notional deemed rate of return]The value of the interests in the group on the relevant day is the amount that would be that value if:
(a) this Part had been in force at all times since the interests were acquired; and
(b) the value of each interest at the date on which it was acquired was the consideration paid or given in respect of the acquisition by the taxpayer; and
(c) subject to paragraph (b), the deemed rate of return method had been used to determine whether any foreign investment fund income accrued to the taxpayer from the FIF in respect of each notional accounting period of the FIF before the relevant period.
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