Tax Laws Amendment (2008 Measures No. 6) Act 2009 (14 of 2009)

Schedule 1   CGT roll-overs for corporate restructures

Income Tax Assessment Act 1997

3   At the end of section 124-795

Add:

(4) You cannot obtain the roll-over for the *CGT event happening in relation to the exchange of your qualifying interest if:

(a) the replacement entity makes a choice to that effect under this subsection; and

(b) that entity or the original entity notifies you in writing of the choice before the exchange.