Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 719.565

CGT provisions--cost base

             (1)   If Part 3.1 or 3.3 is to apply in relation to a reset interest, the Part applies as if the interest's * cost base were increased or reduced so that the cost base just before the trigger time equals the cost setting amount worked out under section 719-570.

CGT provisions--reduced cost base

             (2)  If Part 3.1 or 3.3 is to apply in relation to a reset interest, the Part applies as if the interest's * reduced cost base were increased or reduced so that the reduced cost base just before the trigger time equals the cost setting amount worked out under section 719-570.

Other provisions

             (3)   If a provision of this Act (other than Part 3.1 or 3.3) is to apply in relation to a reset interest, the provision applies as if the interest's cost just before the trigger time were equal to the cost setting amount worked out under section 719-570.