Tax Laws Amendment (2011 Measures No. 9) Act 2012 (12 of 2012)

Schedule 2   Capital gains tax and certain business restructures

Part 3   Roll-overs for change of incorporation

Division 3   Application of amendments

Income Tax (Transitional Provisions) Act 1997

25   After Part 3-45

Insert:

Part 3-80 - Roll-overs applying to assets generally

Division 620 - Assets of wound-up corporation passing to corporation with not significantly different ownership

Table of Subdivisions

620-A Corporations covered by Subdivision 124-I

Subdivision 620-A - Corporations covered by Subdivision 124-I

Table of sections

620-10 Application of Subdivision 620-A of the Income Tax Assessment Act 1997

620-10 Application of Subdivision 620-A of the Income Tax Assessment Act 1997

Subdivision 620-A of the Income Tax Assessment Act 1997 applies in relation to the cessation of existence of bodies corporate occurring after 7.30 pm (by legal time in the Australian Capital Territory) on 11 May 2010.