Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 125.90

  (1)   You must adjust the * cost base and * reduced cost base of an * ownership interest you own in a company or trust if:

  (a)   a * demerger happens to a * demerger group of which the company or trust is a member; and

  (b)   you owned an original interest in the * head entity of the demerger group just before the demerger; and

  (c)   no * CGT event happens to the original interest, but you * acquire a new interest under the demerger.

  (2)   The adjustments you must make are the same as the adjustments you would have to make under section   125 - 80 if you could have chosen a roll - over under this Subdivision for the * demerger and you had done so.