Commonwealth Consolidated Acts

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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 615.5

Roll - overs between the 2011 and 2012 Budget times

    Subdivision   615 - C of the Income Tax Assessment Act 1997 applies to you with the modifications set out in this Subdivision if you chose to obtain a roll - over involving * shares or units that:

  (a)   were disposed of, redeemed or cancelled during the period:

  (i)   starting at 7.30 pm, by legal time in the Australian Capital Territory, on 10   May 2011; and

  (ii)   ending immediately before 7.30 pm, by legal time in the Australian Capital Territory, on 8   May 2012; and

  (b)   were your trading stock, or revenue assets, at the time immediately before that disposal, redemption or cancellation.


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