Income Tax Assessment Act 1997
You must adjust the *cost base and *reduced cost base of an *ownership interest you own in a company or trust if:
(a) a *demerger happens to a *demerger group of which the company or trust is a member; and
(b) you owned an original interest in the *head entity of the demerger group just before the demerger; and
(c) no *CGT event happens to the original interest, but you *acquire a new interest under the demerger. 125-90(2)
The adjustments you must make are the same as the adjustments you would have to make under section 125-80 if you could have chosen a roll-over under this Subdivision for the *demerger and you had done so.
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