INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIA - CAPITAL GAINS AND CAPITAL LOSSES  

Division 12A - Convertible notes - unit trusts  

SECTION 160ZZBC  

160ZZBC   TIME OF ACQUISITION OF UNITS  
Where units are acquired by a taxpayer by the conversion of a convertible note, the units shall be deemed, for the purposes of this Part, to have been acquired by the taxpayer at the time when the conversion took place.