Income Tax Assessment Act 1997

Part 3-3 inserted by No 46 of 1998.

Div 124 inserted by No 46 of 1998.

Subdiv 124-O repealed by No 109 of 2014, s 3 and Sch 10 item 38, effective 17 October 2014.

Subdiv 124-O inserted by No 101 of 2004.

S 124-890 repealed by No 109 of 2014, s 3 and Sch 10 item 38, effective 17 October 2014. S 124-890 formerly read:

SECTION 124-890 Rights roll-over (same owner)  
124-890
There is a roll-over if:

(a) one or more intangible *CGT assets owned by you cease to exist during the period beginning on 11 March 2002 and ending on 10 March 2004; and

(b) the asset or assets cease to exist because of the termination of one or more contracts; and

(c) the termination is directly connected with Chapter 7 of the Corporations Act 2001 (as amended by the Financial Services Reform Act 2001 ) beginning to apply to you; and

(d) you acquire one or more intangible CGT assets by entering into one or more contracts in substitution (whether wholly or partly) for the contract or contracts that were terminated.

Note:

The period in paragraph (a) may be extended in special circumstances: see section 124-925 .

S 124-890 inserted by No 101 of 2004.