Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf the deemed rate of return method was applied in respect of the notional accounting period that immediately preceded the relevant period, the value of the interests in the group on the relevant day is to be determined as follows:
(a) first, ascertain the value, as previously determined under this Subdivision, of the interests in the group at the beginning of the immediately preceding period or, if any of the interests were acquired after that time, at the date or dates of the acquisition of the interest or interests concerned;
(b) secondly, add so much of the foreign investment fund income determined in relation to the taxpayer in respect of the immediately preceding period as was attributable to the interests in the group;
(c) thirdly, deduct the amount or value of so much (if any) of any distributions made by the FIF to the taxpayer during the immediately preceding period as were attributable to the interests in the group.