Show download pdf controls
  • Rollover for financial service providers

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    The government has introduced legislation into parliament to provide automatic CGT rollover for financial service providers on transition to the financial services reform (FSR) regime when, during the FSR transitional period (11 March 2002 to 10 March 2004):

    • an existing statutory licence, registration or authority is replaced with an Australian financial service licence
    • a qualified Australian financial service licence is replaced with an Australian financial service licence, and
    • an intangible CGT asset is replaced with another intangible CGT asset.

    The legislation is expected to apply to CGT events happening on or after 11 March 2002.

    Last modified: 04 Mar 2016QC 27527