Income Tax Assessment Act 1997

Part 3-3 inserted by No 46 of 1998.

Div 124 inserted by No 46 of 1998.

Subdiv 124-G repealed by No 133 of 2014, s 3 and Sch 1 item 10, applicable in relation to shares or units disposed of, redeemed or cancelled at or after 7.30 pm, by legal time in the Australian Capital Territory, on 10 May 2011.

S 124-355 repealed by No 133 of 2014, s 3 and Sch 1 item 10, applicable in relation to shares or units disposed of, redeemed or cancelled at or after 7.30 pm, by legal time in the Australian Capital Territory, on 10 May 2011. S 124-355 formerly read:

SECTION 124-355 Summary of rules  
124-355(1)
This Subdivision deals with 2 cases in which you can choose to obtain a roll-over because of the reorganisation of a company ' s affairs.

Note:

Section 103-25 tells you when you have to make the choice.

124-355(2)
The first case is if you dispose of shares in one company to another company and the other company issues you with new shares. You can find the specific rules relevant to this case in sections 124-360 and 124-365 .

124-355(3)
The second case is if your shares in one company are redeemed or cancelled and another company issues you with new shares in return. You can find the specific rules relevant to this case in sections 124-370 and 124-375 .

124-355(4)
There are some rules that apply in both cases: see section 124-380 .

124-355(5)
There are also consequences for the other company if you can choose to obtain the roll-over: see section 124-385 .

S 124-355 inserted by No 46 of 1998.