INCOME TAX ASSESSMENT ACT 1997
This section applies if:
(a) you choose to obtain a roll-over under section 124-520 or 124-525 relating to rights (the replacement rights ) you have as a *member of a company incorporated under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 on account of the following (your original assets ):
(i) your interest in the body mentioned in that section;
(ii) your other rights relating to the body mentioned in that section; and
(b) you *acquired any of your original assets before 20 September 1985. 124-535(2)
You are taken to have *acquired the replacement rights before 20 September 1985. 124-535(3)
This section has effect despite subsection 124-15(5) .
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