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

4   At the end of subsection 124-780(3)

Add:

; and (f) if an acquiring entity is a member of a wholly-owned group - no member of the group issues equity (other than a replacement interest), or owes new debt, under the arrangement:

(i) to an entity that is not a member of the group; and

(ii) in relation to the issuing of the replacement interest.