Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf a beneficiary of the trusts makes adjustments under section 126 - 245 or 126 - 250 to the * cost base and * reduced cost base of the beneficiary's * membership interests in relation to the * CGT event that is:
(a) the creation of the receiving trust over the roll - over asset; or
(b) the transfer of the roll - over asset to the receiving trust;
no other adjustment is to be made under this Act to those cost bases and reduced cost bases because of something that happens in relation to that event.
Note: This section prevents the general value shifting regime from applying in relation to the event because sections 126 - 245 and 126 - 250 deal with any value shift that might occur.