Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 124.1130

  (1)   This section applies if:

  (a)   the roll - over is under subsection   124 - 1105(2); and

  (b)   you * acquired one or more of the original entitlements before 20   September 1985; and

  (c)   you acquired one or more of the original entitlements on or after that day.

  (2)   You are taken to have * acquired so many of your new entitlements before 20   September 1985 as is reasonable, having regard to:

  (a)   the number and * market value of your original entitlements; and

  (b)   the number and market value of your new entitlements.

  (3)   The first element of the * cost base of each of your new entitlements that are not taken by subsection   (2) to have been * acquired before 20   September 1985 (your post - CGT entitlements ) is such amount as is reasonable having regard to:

  (a)   the total of the cost bases of the original entitlements you acquired on or after 20   September 1985; and

  (b)   the number and * market value of your post - CGT entitlements; and

  (c)   any amount you paid to get the new entitlements (which can include giving property: see section   103 - 5).

  (4)   The reduced cost base of each of your post - CGT entitlements is worked out similarly.