Income Tax Assessment Act 1997

Part 3-3 inserted by No 46 of 1998.

Div 124 inserted by No 46 of 1998.

S 124-5(1) amended by No 109 of 2014, s 3 and Sch 10 items 32 and 33, by substituting " Note " for " Note 1 " and repealing note 2, effective 17 October 2014. Note 2 formerly read:

Note 2:

Subdivision 124-O (about FSR transitions) also provides for roll-overs in situations where a replacement CGT asset is acquired by a new owner.

S 124-5(1) amended by No 136 of 2010 , s 3 and Sch 2 item 3, by substituting " 124-R " for " 124-Q " , applicable to CGT events that occur in the 2005-06 income year and later income years.

S 124-5(1) amended by No 164 of 2007 , s 3 and Sch 8 item 10, by substituting " 124-Q " for " 124-P " , applicable to CGT events happening on or after 1 July 2006.

S 124-5(1) amended by No 143 of 2007 , s 3 and Sch 2 item 3, by substituting " 124-P " for " 124-O " , applicable to CGT events happening on or after 14 February 2007.

S 124-5(1) amended by No 101 of 2004, No 53 of 2002 and No 165 of 1999 (as amended by No 173 of 2000).

S 124-5(2) amended by No 109 of 2014, s 3 and Sch 10 item 34, by omitting " The consequences of the new owner roll-overs in Subdivision 124-O (about FSR transitions) are set out in that Subdivision. " after " are set out in Subdivision 124-C. " in the note, effective 17 October 2014.

S 124-5(2) amended by No 136 of 2010 , s 3 and Sch 2 item 4, by inserting " The consequences of a roll-over for water entitlements are set out in Subdivision 124-R. " at the end of the note, applicable to CGT events that occur in the 2005-06 income year and later income years.

S 124-5(2) amended by No 164 of 2007 , s 3 and Sch 8 item 11, by inserting all the words from and including " The consequences of an exchange of stapled ownership " at the end of the note, applicable to CGT events happening on or after 1 July 2006.

S 124-5(2) amended by No 164 of 2007 , s 3 and Sch 7 item 8, by inserting " The consequences of replacing a statutory licence by a new statutory licence are set out in Subdivision 124-C. " after " The consequences of a scrip for scrip roll-over are set out in Subdivision 124-M. " in the note, applicable to CGT events that happen in the 2006-2007 income year and later income years.

S 124-5(2) amended by No 143 of 2007 , s 3 and Sch 2 item 4, by inserting " The consequences of an exchange of a membership interest in an MDO are set out in Subdivision 124-P. " at the end of the note, applicable to CGT events happening on or after 14 February 2007.

S 124-5(2) amended by No 101 of 2004 and No 165 of 1999.

S 124-5 inserted by No 46 of 1998.