Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If you are not a * small business entity for an income year or you do not choose to use this Subdivision for that year, this Subdivision continues to apply to your * general small business pool for that year and later income years.
(2) However, * depreciating assets you started to use, or have * installed ready for use, for a * taxable purpose during an income year for which you are not a * small business entity or do not choose to use this Subdivision cannot be allocated to your * general small business pool under this Subdivision until an income year for which you are a small business entity and you choose to use this Subdivision.
(3) This section applies to a transferee referred to in subsection 328 - 243(1) or (1A) who:
(a) was not a * small business entity for the income year in which the relevant * balancing adjustment events occurred; or
(b) did not choose to use this Subdivision for that year;
as if the transferee had been a small business entity for an earlier income year and had chosen to use this Subdivision for the earlier year. This rule applies even if roll - over relief is not chosen.