INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-80 - ROLL-OVERS APPLYING TO ASSETS GENERALLY  

Division 615 - Roll-overs for business restructures  

Subdivision 615-A - Modifications for roll-overs between the 2011 and 2012 Budget times  

SECTION 615-5   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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