Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 245.185

    If your * CGT assets that are subject to reduction under section   245 - 175 include investments in, or in relation to, an * associate of yours (including * membership interests, or * debt interests, in your associate), the:

  (a)   * cost base; and

  (b)   * reduced cost base;

of those assets are not subject to reduction under section   245 - 175 until the * total net forgiven amount (if any) remaining has been applied, to the maximum extent possible, in reduction of the cost bases of your other CGT assets.