Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section sets out how to work out the amount (if any) by which the * adjustable value of an * affected interest in the * losing entity is reduced.
(2) First, work out under section 727 - 775 whether the * indirect value shift has produced for the owner of the interest a * disaggregated attributable decrease in the * market value of the interest.
(3) If it has not, the interest's * adjustable value is not reduced because of the * indirect value shift.
(4) If it has, the amount (if any) by which the interest's * adjustable value is reduced is worked out on a * loss - focussed basis under section 727 - 780.
(5) However, if a choice is made in accordance with section 727 - 550 for the reduction not to be worked out on a * loss - focussed basis, the reduction is equal to the * disaggregated attributable decrease.
Reduction not to exceed reasonable amount
(6) If the reduction worked out as provided in subsection (4) or (5) is not reasonable in the circumstances, having regard to the objects of this Division, the interest's * adjustable value is instead reduced by so much of that reduction as is reasonable in the circumstances, having regard to those objects.
Note: The main object of this Division is set out in section 727 - 95.