Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 124.1155

    There is a roll - over if:

  (a)   a * CGT event happens to a * CGT asset that you own; and

  (b)   the CGT event happens as a direct result of the circumstances that gave rise to a roll - over under section   124 - 1105; and

  (c)   you continue to be the owner of the asset (the retained asset ) immediately after the CGT event has happened.