Income Tax Assessment Act 1997

Part 3-3 inserted by No 46 of 1998.

Div 124 inserted by No 46 of 1998.

Subdiv 124-H repealed by No 133 of 2014, s 3 and Sch 1 item 10, applicable in relation to shares or units disposed of, redeemed or cancelled at or after 7.30 pm, by legal time in the Australian Capital Territory, on 10 May 2011.

S 124-440 repealed by No 133 of 2014, s 3 and Sch 1 item 10, applicable in relation to shares or units disposed of, redeemed or cancelled at or after 7.30 pm, by legal time in the Australian Capital Territory, on 10 May 2011. S 124-440 formerly read:

SECTION 124-440 Summary of rules  
124-440(1)
This Subdivision deals with 2 cases in which you can choose to obtain a roll-over because of the reorganisation of a unit trust ' s affairs.

Note:

Section 103-25 tells you when you have to make the choice.

124-440(2)
The first case is if you dispose of units in a unit trust to a company and the company issues you with shares. You can find the specific rules about this case in sections 124-445 and 124-450 .

124-440(3)
The second case is if your units in a unit trust are redeemed or cancelled and a company issues you with shares. You can find the specific rules about this case in sections 124-455 and 124-460 .

124-440(4)
There are some rules that apply in both cases: see section 124-465 .

124-440(5)
There are also consequences for the company if you can choose to obtain a roll-over: see section 124-470 .

S 124-440 inserted by No 46 of 1998.