Document ID: chunk:federal_register_of_legislation:C2015A00130:clause:1_2:p3
Version: federal_register_of_legislation:C2015A00130
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 3/4)
Character Range: 16270–18788

or more of the original interests before 20 September 1985; and
 (c) you started to hold one or more of the original interests on or after that day; and
 (d) you did not start to hold any of the original interests on or after 1 July 2001.
 (2) Each new interest is taken to be 2 separate *CGT assets that are both new interests:
 (a) one (which you are taken to have started to *hold on or after 20 September 1985 and before 1 July 2001) representing the extent to which you started to hold the original interests on or after 20 September 1985 and before 1 July 2001; and
 (b) another (which you are taken to have started to hold before 20 September 1985) representing the extent to which you started to hold the original interests before that day.
 (3) The first element of the *cost base and *reduced cost base of the *CGT asset mentioned in paragraph (2)(a) in relation to a new interest is worked out under the formula:
where:
market value of all new interests is the total of the *market values of all of the new interests.
market value of new interest is the *market value of the new interest to which the *CGT asset mentioned in paragraph (2)(a) relates.
total post‑CGT cost base is the total of the *cost bases of all the original interests that you started to *hold on or after 20 September 1985.

124‑1250  Roll‑over consequences—some original interests were pre‑UCA
 (1) This section applies if:
 (a) you acquire the new interest in exchange for more than one original interest; and
 (b) you started to *hold one or more of the original interests (pre‑UCA interests) before 1 July 2001; and
 (c) you started to hold one or more of the original interests (post‑UCA interests) on or after that day.
 (2) If you started to *hold all of the pre‑UCA interests on or after 20 September 1985, each new interest is taken to be 2 separate assets that are both new interests:
 (a) one (which you are taken to have started to hold on or after that day and before 1 July 2001) representing the extent to which the original interests are pre‑UCA interests; and
 (b) another (which you are taken to have started to hold on or after 1 July 2001) representing the extent to which the original interests are post‑UCA interests.
Apply section 124‑1235 to the interest referred to in paragraph (a) as if the pre‑UCA interests were the only original interests. Apply Division 40 to the interests referred to in paragraph (b).
 (3) If you started to *hold all of the pre‑UCA interests before 20 September 1985, each new interest