Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The amount included in your assessable income because of the disposal, redemption or cancellation of each of your * shares or units described in paragraph 615 - 45(c) that was your * trading stock at the time mentioned in that paragraph is equal to:
(a) if the share or unit had been your trading stock ever since the start of the income year that included that time--the total of:
(i) its * value as trading stock at the start of the income year; and
(ii) the amount (if any) by which its cost had increased since the start of the income year; or
(b) otherwise--its cost at that time.
(2) For each of the * shares that you acquired as described in paragraph 615 - 45(d) that is your * trading stock, you are taken to have paid:
(3) For the purposes of Division 70 (about trading stock), you, the original entity and the interposed company are taken to have dealt with each other in the ordinary course of * business and at * arm's length for each of the transactions referred to in paragraph 615 - 5(1)(c) or 615 - 10(1)(d) or (e).