(1) The unregulated investment component of a year of income of a company that is a PDF throughout the year of income is the amount (if any) remaining after deducting from the company's taxable income of the year of income the company's SME income component of the year of income.
(2) The unregulated investment component of a year of income of
a company that becomes a PDF during the year of income and is still a PDF at
the end of the year of income is the amount (if any) remaining after deducting
from the company's adjusted taxable income of the year of income the
company's SME income component of the year of income. For this purpose,
adjusted taxable income means so much of the company's taxable income of
the year of income as does not exceed its PDF component of the year of income.