Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:6_20
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 6 cl 20
Character Range: 609208–611347

20  After section 41-20
Insert:

41-23  Additional roll-over events for some capital allowances

 (1) Roll-over relief under this Common rule is also available as shown in the table.

Additional roll-over events
                             For this capital allowance:                                          Roll-over relief is also available if:
Item                                                                                                                                                    See:
1.1                          Depreciation                                                         the transferor and transferee jointly elect for it    Subsection 42-335(3)
2.1                          Mining and quarrying: exploration or prospecting                     the transferor and transferee jointly elect for it    Subsection 330-520(4)
2.2                          Mining and quarrying: exploration or prospecting                     there is a disposal covered by subsection 330-547(1)  Subsection 330-547(1)
3.1                          Mining and quarrying: development and operation of a mine or quarry  the transferor and transferee jointly elect for it    Subsection 330-520(4)
3.2                          Mining and quarrying: development and operation of a mine or quarry  there is a disposal covered by subsection 330-547(1)  Subsection 330-547(1)
4.1                          Mining and quarrying: transporting minerals or quarry materials      the transferor and transferee jointly elect for it    Subsection 330-520(4)

Note: If the transferor and the transferee make a joint election, it must include certain information and be kept by the transferor and transferee: see section 41-55.

 (2) The entities referred to as the transferor and transferee in a provision listed in the table are also referred to in this Common rule as the transferor and the transferee.

 (3) The event referred to in the table is called the roll-over event (except in the case of a joint election).

 (4) In the case of a joint election, the event that gave rise to the right to make the election is called the roll-over event.