Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 960.275

  (1)   This section applies to a CGT asset that:

  (a)   is a share in a company that was issued or allotted to you by the company or a unit in a unit trust that was issued to you by the trustee; and

  (b)   you acquired before 16   August 1989; and

  (c)   you owned just before the start of the 1998 - 99 income year.

  (2)   In working out the cost base of the cost base of the asset, you ignore subsection   960 - 275(3) and use the indexation factor in subsection   960 - 275(2).