Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This Subdivision sets out the adjustable value method of working out the consequences (if any) of an * indirect value shift.
(2) If those consequences are to be worked out using that method:
(a) the * adjustable value of each * affected interest in the * losing entity is reduced as provided in this Subdivision; and
(b) if the * gaining entity is a company or trust (except one listed in section 727 - 125 (about superannuation entities)) immediately before the * IVS time, the * adjustable value of each * affected interest in the * gaining entity is uplifted as provided in this Subdivision.
(3) The consequences for the * affected interest depend on its character. There are consequences for the interest in its character as a * CGT asset. However, if the interest is also * trading stock or a * revenue asset, there are additional consequences for it in that character.