Document ID: chunk:federal_register_of_legislation:C2010C00679:section:1987:p42
Version: federal_register_of_legislation:C2010C00679
Segment Type: section
Provision Reference: s 1987 (pt 42/51)
Character Range: 115883–118747

the
disposal of the property to the transferee, then, in working out whether this
section applies to a subsequent disposal of the property by:
  (a) the transferee; or
  (b) one or more subsequent successive transferees;
this section has effect as if paragraph (1)(b) (which deals with deductions)
had not been enacted.".

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 50
Roll-over relief where CGT roll-over relief allowed under section
160ZZM, 160ZZMA, 160ZZN, 160ZZNA or 160ZZO or where election for
roll-over relief made under section 123F

  50. Section 123BBA of the Principal Act is amended:
  (a) by inserting in paragraph (1)(b) "subject to subsection (16)," before
"deductions";
  (b) by adding at the end the following subsection:
(Second or subsequent application of section - paragraph (1)(b) does not
apply)
  "(16) If, apart from this subsection, this section has applied to the
disposal of the property to the transferee, then, in working out whether this
section applies to a subsequent disposal of the property by:
  (a) the transferee; or
  (b) one or more subsequent successive transferees;
this section has effect as if paragraph (1)(b) (which deals with deductions)
had not been enacted.".

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 51
Roll-over relief where CGT roll-over relief allowed under section
160ZZM, 160ZZMA, 160ZZN, 160ZZNA or 160ZZO or where election for
roll-over relief made under section 123F

  51. Section 123BF of the Principal Act is amended:
  (a) by inserting in paragraph (1)(b) "subject to subsection (9)," before
"deductions";
  (b) by adding at the end the following subsection:
(Second or subsequent application of section - paragraph (1)(b) does not
apply)
  "(9) If, apart from this subsection, this section has applied to the
disposal of the property to the transferee, then, in working out whether this
section applies to a subsequent disposal of the property by:
  (a) the transferee; or
  (b) one or more subsequent successive transferees;
this section has effect as if paragraph (1)(b) (which deals with deductions)
had not been enacted.".

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 52
Roll-over relief where CGT roll-over relief allowed under section
160ZZM, 160ZZMA, 160ZZN, 160ZZNA or 160ZZO or where election for
roll-over relief made under section 124AO

  52. Section 124AMAA of the Principal Act is amended:
  (a) by inserting in paragraph (1)(b) "subject to subsection (18A)," before
"deductions";
  (b) by inserting after subsection (18) the following subsection:
(Second or subsequent application of section - paragraph (1)(b) does not
apply)
  "(18A) If, apart from this subsection, this section has applied to the
disposal of the property to the transferee, then, in working out whether this
section applies to a subsequent disposal of