INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
View history note
Hide history noteThis section applies if a share in the transferor, or a loan to the transferor, comes into existence after the first time (the adjustment time ) in a year of income at which an asset in the group is disposed of by the transferor but before the last time in the year of income at which such an asset is actually disposed of.
160ZZRDI(2) [Share issued to replace cancelled share]This section does not apply to a share that is issued to replace a share that is, or is to be, cancelled.
160ZZRDI(3) [Attributes of share or loan](a) the share or loan had been in existence immediately before the adjustment time; and
(b) the share or loan had all the same attributes at that time as it had immediately after it came into existence.
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