Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 719 - MEC groups  

Subdivision 719-K - MEC group cost setting rules: pooling cases  

SECTION 719-565   Setting cost of reset interests  

CGT provisions - cost base

719-565(1)    
If Part 3.1 or 3.3 is to apply in relation to a reset interest, the Part applies as if the interest's ^* cost base were increased or reduced so that the cost base just before the trigger time equals the cost setting amount worked out under section 719-570 .

CGT provisions - reduced cost base

719-565(2)    
If Part 3.1 or 3.3 is to apply in relation to a reset interest, the Part applies as if the interest's ^* reduced cost base were increased or reduced so that the reduced cost base just before the trigger time equals the cost setting amount worked out under section 719-570 .

Other provisions

719-565(3)    
If a provision of this Act (other than Part 3.1 or 3.3) is to apply in relation to a reset interest, the provision applies as if the interest's cost just before the trigger time were equal to the cost setting amount worked out under section 719-570 .