Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) In a situation covered by subsection 124 - 1105(1), if you * acquired the original entitlement on or after 20 September 1985, the first element of the * cost base of the new entitlement (or of each of the new entitlements) is such amount as is reasonable having regard to:
(a) the cost base and * market value of the original entitlement; and
(b) the number and market value of the new entitlements; and
(c) any amount you paid to get the new entitlement (which can include giving property: see section 103 - 5).
(2) In a situation covered by subsection 124 - 1105(2), if you * acquired the original entitlements on or after 20 September 1985, the first element of the * cost base of the new entitlement (or of each of the new entitlements) is such amount as is reasonable having regard to:
(a) the total of the cost bases of all the original entitlements; and
(b) the number and * market value of the original entitlements; and
(c) the number and market value of the new entitlements; and
(d) any amount you paid to get the new entitlements (which can include giving property: see section 103 - 5).
(3) In the situation covered by subsection 124 - 1105(1) or (2), the first element of the * reduced cost base of the new entitlement (or of each of the new entitlements) is worked out similarly.
(4) For the purposes of paragraphs (1)(b) and (2)(c), the * market value of the new entitlements is their market value at the time you * acquired them.