Document ID: chunk:federal_register_of_legislation:C2024C00267:section:4:p29
Version: federal_register_of_legislation:C2024C00267
Segment Type: section
Provision Reference: s 4 (pt 29/64)
Character Range: 774978–777504

the scheme that were necessary to be made to enable the scheme to be registered as mentioned in paragraph (b) were made during the period beginning on 1 July 1998 and ending on 30 June 2000 (the transition period); and
 (f) the membership of the scheme did not alter as a result of the changes; and
 (g) where any other changes were or are made to the scheme during the transition period:
 (i) the other changes were or are made only for the purpose of improving the administration or operation of the scheme; and
 (ii) there were no increases in the values of the interests of any members of the scheme as a result of the other changes or, if there were any such increases, they applied proportionately to the values of the interests of all the members of the scheme; and
 (iii) no reductions in the values of the interests of any members of the scheme occurred as a result of the other changes; and
 (iv) the membership of the scheme did not alter as a result of the other changes.
 (2) If this Subdivision applies to an entity under subsection (1) because of a particular change referred to in that subsection, it also applies because of the change to a member of the entity, in relation to the member's interests in the entity, if the member was a member immediately before, and immediately after, the change was made.

960‑110  No taxation consequences to result from changes to managed investment scheme
  Despite the changes made as mentioned in subsection 960‑105(1) to the managed investment scheme constituted by an entity to which this Subdivision applies:
 (a) the entity is taken, immediately after the changes were made or, if the changes were made at different times, immediately after the last of the changes was made, to be the same entity as existed immediately before the changes were made or, if the changes were made at different times, immediately before the first of the changes was made; and
 (b) the legal ownership of the assets of the entity is taken not to have altered as a result of the changes; and
 (c) the beneficial ownership of the interests in the entity of a member of the entity to whom, because of a particular change, this Subdivision applies in relation to those interests is taken not to have altered as a result of the change; and
 (d) without limiting by implication any other effect of the above paragraphs:
 (i) the changes are taken not to have resulted in a CGT event in respect of the entity; and
 (ii) in so far as this Subdivision applies to a member of the entity because of