1

Subdivisions   40 - A to 40 - D, sections   40 - 425 to 40 - 445 and Subdivision   328 - D

the * adjustable value of the interest or the asset at the start of the hybrid year or the post - hybrid year is varied so that it equals the partner's * tax cost setting amount for the interest, or the entity's tax cost setting amount for the asset, at that time in relation to the * asset - based income tax regime

2

Division   70

the value of the interest or the asset at the start of the hybrid year or the post - hybrid year under Division   70 is varied so that it equals the partner's * tax cost setting amount for the interest, or the entity's tax cost setting amount for the asset, at that time in relation to the * asset - based income tax regime

3

Part   3 - 1 or 3 - 3

the * cost base or * reduced cost base of the interest or the asset at the start of the hybrid year or the post - hybrid year is varied so that it equals the partner's * tax cost setting amount for the interest, or the entity's tax cost setting amount for the asset, at that time in relation to the * asset - based income tax regime

4

Division   16E of Part   III of the Income Tax Assessment Act 1936

the Division applies as if the interest or the asset were * acquired by the partner or the entity at the start of the hybrid year or the post - hybrid year for a payment equal to the partner's * tax cost setting amount for the interest, or the entity's tax cost setting amount for the asset, at that time in relation to the * asset - based income tax regime

5

Any other provision of this Act or the Income Tax Assessment Act 1936

the cost of the interest or asset at the start of the hybrid year or the post - hybrid year is varied so that it equals the partner's * tax cost setting amount for the interest, or the entity's tax cost setting amount for the asset, at that time in relation to the * asset - based income tax regime