Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p9
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 9/13)
Character Range: 2494646–2497308

of the 100 original shares before 20 September 1985. The number of new shares that you are taken to have acquired before that day cannot exceed:
 So, you are taken to have acquired 6 of the 10 shares before that day.
 (6) These rules are relevant to each remaining new asset. The first element of each one's *cost base is:
The first element of each one's *reduced cost base is worked out similarly.
Note: There are special indexation rules for roll‑overs: see Division 114.
Example: To continue the example, suppose the total of the cost bases of the 33 shares you acquired on or after 20 September 1985 is $400.
 The first element of the cost base of each of the remaining 4 shares is:
 The first element of the reduced cost base of those 4 shares is worked out similarly.
 (7) However, subsections (4) and (5) are taken never to have applied to a *share to which subsection 104‑195(6) applies (CGT event J4).

124‑20  Share and interest sale facilities

Share and interest sale facilities
 (1) An entity (the investor) is treated as owning an *ownership interest (the roll‑over interest) in a company or trust (the issuer) at a time (the deeming time), if:
 (a) the investor owned an ownership interest (the original interest) in a company or trust; and
 (b) a transaction happened in relation to the original interest; and
 (c) because:
 (i) a *foreign law impedes the ability of the issuer to issue or transfer the roll‑over interest to the investor; or
 (ii) it would be impractical or unreasonably onerous to determine whether a foreign law impedes the ability of the issuer to issue or transfer the roll‑over interest to the investor;
  it is *arranged that the issuer will issue or transfer the roll‑over interest to another entity (the facility) under the transaction instead of to the investor; and
 (d) in accordance with that arrangement and as a result of the transaction, the facility:
 (i) becomes the owner of the roll‑over interest; and
 (ii) owns the roll‑over interest at the deeming time; and
 (e) under the arrangement, the investor is entitled to receive from the facility:
 (i) an amount equivalent to the *capital proceeds of any *CGT event that happens in relation to the roll‑over interest (less expenses); or
 (ii) if a CGT event happens in relation to the roll‑over interest together with CGT events happening in relation to other ownership interests—an amount equivalent to the investor's proportion of the total capital proceeds of the CGT events (less expenses).
 (2) The facility is treated as not owning the roll‑over interest at the deeming time.
 (3) This section applies for the purposes of:
 (a) applying one of the following