INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
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Hide history noteIn respect of bonus units to which paragraph 160ZYD(b) applies, the amount paid by the taxpayer in respect of the original units or, if more than one amount was paid by the taxpayer in respect of the original units, each amount shall be deemed for the purposes of this Part to have been paid by the taxpayer as consideration in respect of the acquisition of the original units and the bonus units in such proportions as is reasonable in the circumstances.
Where the relevant amount was included in the assessable income of the taxpayer of any year of income under a provision of this Act other than this Part, the taxpayer shall be deemed, for the purposes of this Part, to have paid in respect of the acquisition of the bonus units, a consideration equal to the amount so included in the assessable income of the taxpayer and to have so paid that consideration at the time when the bonus units were issued to the taxpayer.
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