Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If subsection 360 - 15(1) applies, the amount of your * tax offset is 20% of the sum of the following:
(a) an amount equal to any money received, or entitled to be received, by the company referred to in paragraph 360 - 15(1)(b) for the issue to you of the * shares as described in that paragraph;
(b) an amount equal to the * market value of any * non - cash benefit received, or entitled to be received, by the company referred to in paragraph 360 - 15(1)(b) for the issue to you of the shares as described in that paragraph, as at the time the shares were issued to you.
(2) However, reduce this amount to the extent necessary to ensure that the sum of the following does not exceed $200,000:
(a) the sum of the * tax offsets under this Subdivision for the income year for which you and your * affiliates (if any) are entitled;
(b) the sum of the tax offsets under this Subdivision that you and your affiliates (if any) carry forward to the income year.