Income Tax Assessment Act 1997
The object of this Subdivision is to ensure that CGT considerations for *members of a body incorporated under a law do not impede a change of incorporation involving converting the body to, or replacing it with, a company incorporated under:
(a) the Corporations Act 2001 or a similar *foreign law; or
(b) the Corporations (Aboriginal and Torres Strait Islander) Act 2006 .
Subdivision 620-A provides a roll-over for the assets of the body.
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