Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p4
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 4/4)
Character Range: 2740922–2742676

assessable income.
You are taken to have *acquired the bonus equities when they were issued.
Note 1: There are special indexation rules for cost base modifications: see Division 114.
Note 2: The amounts of calls you pay on partly‑paid equities will also form part of the first element of their cost base and reduced cost base.
Note 3: There is a special rule for shares issued on or before 30 June 1987: see subsection 130‑20(2) of the Income Tax (Transitional Provisions) Act 1997.
Note 4: Certain capital distributions are taken to be dividends under subsections 45(2) and 45C(1) if a company has entered into a capital streaming or dividend substitution arrangement.
 (3) This table sets out what happens if:
 (a) none of the shares are a *dividend (or taken to be a dividend under subsection 45(2) or 45C(1) of the Income Tax Assessment Act 1936); or
 (b) none of the other units are or will be included in your assessable income.
Note: Certain capital distributions are taken to be dividends under subsections 45(2) and 45C(1) if a company has entered into a capital streaming or dividend substitution arrangement.

Modifications where neither a dividend nor assessable
                                                                                                                                                                                                                             You are taken to have *acquired the bonus equities when:

Item                                                   In this situation:                                                                                                                                                                                                              There is this effect: