Commonwealth Consolidated Acts Commonwealth Consolidated ActsEntities can choose to obtain a roll - over if:
(a) a trust disposes of all of its assets to a company; and
(b) units and interests in the trust are replaced by shares in the company.
The roll - over may also be available for 2 or more trusts disposing of all their assets to a single company.
Note: The effect of the roll - over may be reversed if the trust does not cease to exist within 6 months: see section 104 - 195.
Table of sections
Operative provisions
124 - 855 What this Subdivision deals with
124 - 860 Requirements for roll - over
124 - 865 Entities both choose the roll - over
124 - 870 Roll - over for owner of units or interests in a trust
124 - 875 Effect on the transferor and transferee