(1) The amount of the notional tax offset under section 961 - 60 is reduced in accordance with subsection (2) if:
(a) paragraph 961 - 55(1)(a) applies during only part of the year; or
(b) paragraph 961 - 55(1)(c) does not apply because of subsection 961 - 55(2).
(2) The amount of the notional tax offset is reduced to an amount that, in the Commissioner's opinion, is a reasonable apportionment in the circumstances, having regard to the matters referred to in paragraphs (1)(a) and (b).
974 - E Non - share distributions by a company
974 - F Related concepts