Tax and Superannuation Laws Amendment (2015 Measures No. 4) Act 2015 (135 of 2015)

Schedule 1   Scrip for scrip roll-over

Income Tax Assessment Act 1997

10   Subsection 124-784A(2) (method statement, step 3)

Repeal the step, substitute:

Step 3. Add up the *market value at the completion time of all of the:

(a) if the replacement entity is a company - *shares *on issue by the replacement entity; and

(b) if the replacement entity is a company - options, rights and similar interests issued by the replacement entity that give the holder an entitlement to acquire a share in the replacement entity at or after the completion time; and

(c) if the replacement entity is a trust - units or other interests in the replacement entity; and

(d) if the replacement entity is a trust - options, rights or similar interests issued by the replacement entity that gives the holder an entitlement to acquire a unit or other interest in the replacement entity at or after the completion time.