Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)
Schedule 7 STS roll-over
Income Tax Assessment Act 1997
7 At the end of section 328-220
(3) This section applies to a transferee referred to in subsection 328-243(1) who is not an *STS taxpayer for the income year in which the relevant *balancing adjustment events occurred as if the transferee had been an STS taxpayer and stopped being one for that year. This rule applies even if roll-over relief is not chosen.