Taxation Laws Amendment Act (No. 7) 2000 (173 of 2000)

Schedule 4   Minor CGT changes

Income Tax (Transitional Provisions) Act 1997

62   After section 104-175

Insert:

104-185 Change of status of replacement asset for a roll-over under Division 17A of Part IIIA of the 1936 Act or Division 123 of the 1997 Act

Section 104-185 of the Income Tax Assessment Act 1997 applies to a CGT asset you chose as a replacement asset for a roll-over under:

(a) Division 17A of Part IIIA of the Income Tax Assessment Act 1936; or

(b) Division 123 of the Income Tax Assessment Act 1997;

in the same way as it applies to a CGT asset you chose as a replacement asset for a roll-over under Subdivision 152-E of the Income Tax Assessment Act 1997.

104-190 Change of circumstances where a share or interest is a replacement asset for a roll-over under Division 17A of Part IIIA of the 1936 Act or Division 123 of the 1997 Act

Section 104-190 of the Income Tax Assessment Act 1997 applies to a share in a company or an interest in a trust you chose as a replacement asset for a roll-over under:

(a) Division 17A of Part IIIA of the Income Tax Assessment Act 1936; or

(b) Division 123 of the Income Tax Assessment Act 1997;

in the same way as it applies to a share or interest you chose as a replacement asset for a roll-over under Subdivision 152-E of the Income Tax Assessment Act 1997.