Income Tax (Transitional Provisions) Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

Division 126 - Roll-overs  

Subdivision 126-B - Transfer of life insurance business  

SECTION 126-165  

126-165   References to Subdivision 126-B of the Income Tax Assessment Act 1997  

A reference in an Act to a roll-over under Subdivision 126-B of the Income Tax Assessment Act 1997 includes a reference to a roll-over under this Subdivision.

Example:

Examples of the operation of this provision include:

(a) CGT event J1 may happen if the recipient company stops being a 100% subsidiary of a member of a company group after a roll-over under this Subdivision; and

(b) (Repealed by No 56 of 2010)

(c) an allocable cost amount may be affected under section 705-93 because of a roll-over under this Subdivision.