(1) This section applies if a depreciating asset of yours is treated as being allocated to your general small business pool or long life small business pool under section 328 - 185.
(2) The opening pool balance of your general small business pool or long life small business pool for the 2007 - 08 income year is taken to be the closing pool balance of your general STS pool or long life STS pool, as the case requires, for the 2006 - 07 income year, reduced or increased by any adjustment required under section 328 - 225 of new Subdivision 328 - D (about change in the business use of an asset).
(3) However, if:
(a) you were not an STS taxpayer for the 2006 - 07 income year (because you stopped being an STS taxpayer before that time); but
(b) you are a small business entity for the 2007 - 08 income year or a later income year and you choose to use new Subdivision 328 - D to deduct amounts for your depreciating assets for that income year;
the opening pool balance of your general small business pool or long life small business pool includes the sum of the taxable purpose proportions of the adjustable values of depreciating assets allocated to the pool under subsection 328 - 185(3) of new Subdivision 328 - D for that year.