Taxation Laws Amendment Act (No. 1) 2004 (101 of 2004)

Schedule 9   Roll-over for FSR transitions

Part 1   Amendments

Income Tax Assessment Act 1997

8   At the end of subsection 124-5(1)

Add:

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.