INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 310 - Loss relief for merging superannuation funds  

Subdivision 310-D - Choice for assets roll-over  

SECTION 310-50   Choosing the form of the assets roll-over  

310-50(1)  
An entity that chooses a roll-over under this Subdivision must choose the form of the roll-over that applies to each of the following:


(a) the original assets that are not *revenue assets;


(b) the original assets that are revenue assets.

310-50(2)  
In respect of original assets that are not *revenue assets, the entity choosing the roll-over must choose either section 310-55 (global asset approach) or 310-60 (individual asset approach) to apply to the original assets and the corresponding received assets.

310-50(3)  
In respect of original assets that are *revenue assets, the entity choosing the roll-over must choose either section 310-65 (global asset approach) or 310-70 (individual asset approach) to apply to the original assets and the corresponding received assets.

Note:

The entity choosing the form of the roll-over may choose different forms of roll-over for its CGT assets and revenue assets.


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