Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies if:
(a) the * closing pool balance of the transferor's * general small business pool for the BAE year is less than zero; or
(b) the amount worked out under subsection 328 - 210(2) for the pool for the BAE year is less than zero;
because a * balancing adjustment event occurred for an asset allocated to that pool during that year.
(2) The amount included in assessable income under subsection 328 - 215(2) is split equally between:
(a) the transferor and transferee; or
(b) if there are 2 or more occurrences of * balancing adjustment events for relevant entities for the BAE year and a roll - over is chosen for each occurrence--the entities concerned.