Document ID: chunk:federal_register_of_legislation:C2024C00267:section:8:p30
Version: federal_register_of_legislation:C2024C00267
Segment Type: section
Provision Reference: s 8 (pt 30/48)
Character Range: 302475–305079

the Income Tax Assessment Act 1997
  A reference in an Act to a roll‑over under Subdivision 126‑B of the Income Tax Assessment Act 1997 includes a reference to a roll‑over under this Subdivision.
Example: Examples of the operation of this provision include:
(a) CGT event J1 may happen if the recipient company stops being a 100% subsidiary of a member of a company group after a roll‑over under this Subdivision; and
(c) an allocable cost amount may be affected under section 705‑93 because of a roll‑over under this Subdivision.

Division 128—Effect of death

Table of sections
128‑15 Effect on the legal personal representative or beneficiary

128‑15  Effect on the legal personal representative or beneficiary
  The rule in item 3 in the table in subsection 128‑15(4) of the Income Tax Assessment Act 1997 (about a dwelling that was your main residence just before you died and was not being used for the purpose of producing assessable income) does not apply to a dwelling that devolved to your legal personal representative, or passed to a beneficiary in your estate, on or before 7.30 pm, by legal time in the Australian Capital Territory, on 20 August 1996.

Division 130—Investments

Table of Subdivisions
130‑A Bonus shares and units
130‑B Rights
130‑C Convertible notes

Subdivision 130‑A—Bonus shares and units

Table of sections
130‑20 Issue of bonus shares or units

130‑20  Issue of bonus shares or units
 (1) This section modifies some of the rules in section 130‑20 of the Income Tax Assessment Act 1997 if:
 (a) you own shares in a company or units in a unit trust (the original equities); and
 (b) on or before the day specified in subsection (2) or (3), the company issues other shares, or the trustee issues other units, (the bonus equities) to you because it owes an amount to you in relation to the original equities.
 (2) If the bonus equities are shares and they were issued on or before 30 June 1987:
 (a) subsection 130‑20(2) of the Income Tax Assessment Act 1997 does not apply to you; and
 (b) you work out the cost base and reduced cost base of the bonus equities under subsection 130‑20(3) of that Act regardless of whether any part of the amount owed to you by the company is a dividend.
 (3) The rule in item 2 of the table in subsection 130‑20(3) of the Income Tax Assessment Act 1997 does not apply if the bonus equities were issued on or before 1 pm, by legal time in the Australian Capital Territory, on 10 December 1986 and you were required to pay or give something for them. Instead, you are taken to have acquired the bonus equities when you acquired the original