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INCOME TAX ASSESSMENT ACT 1997 - SECT 124.1150

Roll - over consequences--some original entitlements pre - CGT, others post - CGT

  (1)   This section applies if:

  (a)   you * acquired one or more of the original entitlements before 20   September 1985; and

  (b)   you acquired one or more of the original entitlements on or after that day.

  (2)   You are taken to have * acquired so many of your retained entitlements before 20   September 1985 as is reasonable, having regard to:

  (a)   the number and * market value of your original entitlements; and

  (b)   the number and market value of your retained entitlements.

  (3)   The first element of the * cost base of each of your retained entitlements that are not taken by subsection   (2) to have been * acquired before 20   September 1985 (your post - CGT entitlements ) is such amount as is reasonable having regard to:

  (a)   the total of the cost bases of the original entitlements you acquired on or after 20   September 1985; and

  (b)   the number and * market value of the your post - CGT entitlements.

  (4)   The reduced cost base of each of your post - CGT entitlements is worked out similarly.



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