Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 330.545

(1) Section 330-547 sets out further situations where roll-over relief is
available in relation to disposals of property.

(2) Sections 330-550 and 330- 555 set out additional consequences that apply
if roll-over relief is available:

   (a)  under Common rule 1 because of section 41-20 (which is about the
        disposal of property); or

   (b)  under section 330-547. Note: Section 330-75 of the
        Income Tax (Transitional Provisions) Act  1997 modifies the
        application of Common rule 1 if you have deducted amounts in respect
        of property under the Income Tax Assessment Act  1936 and in the
        1997-98 income year or a later income year you dispose of the
        property.