Income Tax Assessment Act 1997

Part 3-30 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 income year and later years.

Div 311 repealed by No 89 of 2013, s 3 and Sch 1 item 23, effective 2 July 2019.

Div 311 inserted by No 89 of 2013, s 3 and Sch 1 item 1, applicable to income years that include 1 July 2013, and to later income years.

Subdiv 311-D repealed by No 89 of 2013, s 3 and Sch 1 item 23, effective 2 July 2019.

Subdiv 311-D inserted by No 89 of 2013, s 3 and Sch 1 item 1, applicable to income years that include 1 July 2013, and to later income years. See the note under Div 311 heading.

S 311-45 repealed by No 89 of 2013, s 3 and Sch 1 item 23, effective 2 July 2019. S 311-45 formerly read:

SECTION 311-45 CGT assets  
311-45
If a roll-over is chosen under Subdivision 311-B:

(a) disregard any * capital gain or * capital loss the transferring entity makes from transferring an original asset to the receiving entity; and

(b) the first element of the received asset ' s * cost base, in the hands of the receiving entity, is the transferring entity ' s cost base just before the time of the * CGT event; and

(c) the first element of the received asset ' s * reduced cost base, in the hands of the receiving entity is worked out similarly.

S 311-45 amended by No 94 of 2017, s 3 and Sch 2 item 16, by substituting " If a roll-over is chosen under Subdivision 311-B " for " If the roll-over is chosen " , effective 1 October 2017 and applicable in relation to the attribution or transfer of accrued default amounts on or after 29 June 2015.

S 311-45 inserted by No 89 of 2013, s 3 and Sch 1 item 1, applicable to income years that include 1 July 2013, and to later income years. See the note under Div 311 heading.