(1) 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.
(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.
Table of sections
250-295 Objections against determinations and decisions by the Commissioner