Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A * capital gain the entity makes from an original interest * acquired on or after 20 September 1985 is disregarded.
(2) The entity works out the first element of the * cost base of each replacement interest the entity received as a result of the exchange by reasonably attributing to it the cost base (or the part of it) of the entity's original interest for which it was exchanged and for which the entity obtained the roll - over.
(3) In applying subsection (2), the entity reduces (but not below zero) the * cost base of the original interest (just before stopping owning it) by so much of that cost base as is attributable to an ineligible part (see section 124 - 990).
(4) The first element of the * reduced cost base of a replacement interest is worked out similarly.