Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If you choose a roll - over, a * capital gain or * capital loss you make from the trigger event is disregarded.
(2) If you * acquired the asset on or after 20 September 1985:
(a) the first element of each * share's * cost base is the asset's cost base when you * disposed of it (less any liabilities the company undertakes to discharge in respect of it) divided by the number of shares; and
(b) the first element of each share's * reduced cost base is worked out similarly.
Note 1: There are rules for working out what are the liabilities in respect of an asset: see section 122 - 37.
Note 2: There are special indexation rules for roll - overs: see Division 114.
(3) If you * acquired the asset before 20 September 1985, you are taken to have acquired the * shares before that day.