Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 124.865

    A roll - over is only available for the transferor and transferee if both the transferor and transferee choose to obtain it.

Note 1:   If they do so, the consequences for the transferor and transferee are set out in section   124 - 875.

Note 2:   An entity that owns a unit or interest in the transferor can also choose to obtain a roll - over: see section   124 - 870.