Document ID: chunk:federal_register_of_legislation:C2024C00267:section:3:p8
Version: federal_register_of_legislation:C2024C00267
Segment Type: section
Provision Reference: s 3 (pt 8/17)
Character Range: 582273–585265

of the Income Tax Assessment Act 1997

Subdivision 415‑B—Application of Subdivision 415‑B of the Income Tax Assessment Act 1997

Table of sections
415‑10 Application of Subdivision 415‑B of the Income Tax Assessment Act 1997

415‑10  Application of Subdivision 415‑B of the Income Tax Assessment Act 1997
  Subdivision 415‑B of the Income Tax Assessment Act 1997 applies to:
 (a) a tax loss for the 2012‑13 income year or a later income year; or
 (b) a debt incurred in the 2012‑13 income year or a later income year.

Part 3‑50—Climate change

Division 420—Registered emissions units

Table of Subdivisions
420‑A General application provision

Subdivision 420‑A—General application provision

Table of sections
420‑1 Application of Division 420 of the Income Tax Assessment Act 1997

420‑1  Application of Division 420 of the Income Tax Assessment Act 1997
  Division 420 of the Income Tax Assessment Act 1997 does not apply to a registered emissions unit held by you unless you became the holder of the unit after the commencement of that Division.

Part 3‑80—Roll‑overs applying to assets generally

Division 615—Roll‑overs for business restructures

Table of Subdivisions
615‑A Modifications for roll‑overs between the 2011 and 2012 Budget times

Subdivision 615‑A—Modifications for roll‑overs between the 2011 and 2012 Budget times

Table of sections
615‑5 Roll‑overs between the 2011 and 2012 Budget times
615‑10 Modifications—when additional consequences can apply
615‑15 Modifications—trading stock
615‑20 Modifications—revenue assets

615‑5  Roll‑overs between the 2011 and 2012 Budget times
  Subdivision 615‑C of the Income Tax Assessment Act 1997 applies to you with the modifications set out in this Subdivision if you chose to obtain a roll‑over involving *shares or units that:
 (a) were disposed of, redeemed or cancelled during the period:
 (i) starting at 7.30 pm, by legal time in the Australian Capital Territory, on 10 May 2011; and
 (ii) ending immediately before 7.30 pm, by legal time in the Australian Capital Territory, on 8 May 2012; and
 (b) were your trading stock, or revenue assets, at the time immediately before that disposal, redemption or cancellation.

615‑10  Modifications—when additional consequences can apply
 (1) Disregard subparagraph 615‑45(a)(ii), and paragraph 615‑45(b), of the Income Tax Assessment Act 1997 if the roll‑over relates to *shares that were disposed of, redeemed or cancelled.
 (2) Disregard paragraph 615‑45(d) of that Act.

615‑15  Modifications—trading stock
  Substitute the following for subsection 615‑50(2) of that Act:
 (2) For each of the *shares in the interposed company that you acquired in return for those of your shares or units in the original entity that were your *trading stock at the time mentioned in paragraph 615‑45(c), you are taken to have paid:

615‑20  Modifications—revenue assets
  Substitute the following for subsection 615‑55(2) of that Act:
 (2) For the purpose of calculating any profit or loss on