Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 124.530

  (1)   This section applies if:

  (a)   you choose to obtain a roll - over under section   124 - 520 or 124 - 525 relating to * shares you have in the company on account of the following (your original assets ):

  (i)   your interest in the body mentioned in that section;

  (ii)   your other rights relating to the body mentioned in that section; and

  (b)   you * acquired some of your original assets before 20   September 1985 and the rest of them on or after that day.

  (2)   You are taken to have * acquired so many of the * shares before 20   September 1985 as is reasonable, having regard to:

  (a)   the number and * market value of your original assets; and

  (b)   the number and market value of the shares.

  (3)   The first element of the * cost base of each of the * shares not taken by subsection   (2) to have been * acquired before 20   September 1985 (your post - CGT shares ) is such amount as is reasonable having regard to:

  (a)   the total of the cost bases of your original assets that you acquired on or after 20   September 1985; and

  (b)   the number and * market value of your post - CGT shares.

  (4)   The reduced cost base of each of your post - CGT shares is worked out similarly.

  (5)   This section has effect despite subsections   124 - 15(5) and (6).