FINANCIAL CORPORATIONS (TRANSFER OF ASSETS AND LIABILITIES) ACT 1993

PART 3 - INCOME TAX RELIEF FOR TRANSFERS  

Division 4 - Capital gains and capital losses  

SECTION 18  

18   ADDITIONAL ROLL-OVER RELIEF  

There is a roll-over under Subdivision 126-B of the Income Tax Assessment Act 1997 (which normally applies only to certain transfers between companies in the same wholly-owned group) if:

(a) the trigger event is a transfer to which this Act applies; and

(b) the requirements of that Subdivision are met, disregarding:

(i) subsections 126-50(1) , (5) , (6) , (7) , (8) and (9) of that Act; and

(ii) section 126-55 of that Act.

(iii) (Repealed by No 117 of 2002)

This is in addition to that Subdivision ' s effect apart from this section.