Document ID: chunk:federal_register_of_legislation:C2010C00611:clause:2_3
Version: federal_register_of_legislation:C2010C00611
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 18080–19636

3                                     You *acquire units in a unit trust by converting a *convertible interest (except one that is a *traditional security) that was issued by the trustee of the unit trust after 28 January 1988.  The first element of the *cost base of the units is the sum of:
                                                                                                                                                                                                                                     (a) the cost base of the convertible interest at the time of conversion; and
                                                                                                                                                                                                                                     (b) any amount paid to convert the convertible interest, except to the extent that the amount is represented in the paragraph (a) amount; and
                                                                                                                                                                                                                                     (c) all the amounts to be added under subsection (1A).
                                                                                                                                                                                                                                     The first element of their *reduced cost base is worked out similarly.