(1) If you are a * temporary resident and you then cease to be a temporary resident (but remain, at that time, an Australian resident), there are rules relevant to each * CGT asset that:
(a) you owned just before you ceased to be a temporary resident; and
(b) is not * taxable Australian property; and
(c) you * acquired on or after 20 September 1985.
(2) The first element of the * cost base and * reduced cost base of the asset (at the time you cease to be a * temporary resident) is its * market value at that time.
(3) Also, Parts 3-1 and 3-3 apply to the asset as if you had * acquired it at the time you ceased to be a * temporary resident.
(4) This section does not apply to an * ESS interest if:
(a) Subdivision 83A-C (about employee share schemes) applies to the interest, and the * ESS deferred taxing point for the interest has not yet occurred; or
(b) the provisions referred to in paragraphs 83A-33(1)(a) to (c) (about start ups) apply to the ESS interest.