Document ID: chunk:federal_register_of_legislation:C2025C00029:section:8:p3
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 8 (pt 3/19)
Character Range: 5263209–5266037

360‑50(1) has been continuously held by the entity mentioned in that subsection; and
 (b) then:
 (i) the share, or interests in the share, are *disposed of in a way that gives rise to a trigger event (see section 122‑15 or 122‑125) for a roll‑over under Division 122; or
 (ii) the share becomes the original interest (see paragraph 124‑780(1)(a)) for a roll‑over under Subdivision 124‑M; and
 (c) the roll‑over happens on or after the first anniversary, but before the tenth anniversary, of the issue of the share;
the *first element of the *cost base and *reduced cost base of the share just before the roll‑over is taken to be its *market value at that time.
Note: This subsection is a separate modified CGT treatment, and not a continuation of the modifications made by section 360‑50.
 (2) If:
 (a) an asset mentioned in paragraph 360‑60(2)(a) for a roll‑over has been continuously held by the entity that *acquired that asset for that roll‑over; and
 (b) then:
 (i) that asset, or interests in that asset, are *disposed of in a way that gives rise to a trigger event (see section 122‑15 or 122‑125) for a roll‑over under Division 122; or
 (ii) that asset becomes the original interest (see paragraph 124‑780(1)(a)) for a roll‑over under Subdivision 124‑M; and
 (c) the later roll‑over happens on or after the first anniversary, but before the tenth anniversary, of the issue of the original share (see subsection 360‑60(2) for the earlier roll‑over;
the *first element of the *cost base and *reduced cost base of that asset just before the later roll‑over is taken to be its *market value at that time.
Note: This subsection is a separate modified CGT treatment, and not a continuation of the modifications made by section 360‑50.

Division 376—Films generally (tax offsets for Australian production expenditure)

Table of Subdivisions
376‑A Guide to Division 376
376‑B Tax offsets for Australian expenditure in making a film
376‑C Production expenditure and qualifying Australian production expenditure
376‑D Certificates for films and other matters

Subdivision 376‑A—Guide to Division 376

376‑1  What this Division is about
      Companies may be entitled to 1 of 3 refundable tax offsets in relation to Australian expenditure incurred in making films. The offsets are designed to support and develop the Australian screen industry by providing concessional tax treatment for Australian expenditure.

Table of sections
376‑2 Key features of the tax offsets for Australian production expenditure on films
376‑5 Structure of this Division

376‑2  Key features of the tax offsets for Australian production expenditure on films
 (1) The 3 tax offsets are:
 (a) a refundable tax offset for Australian expenditure in making an Australian film (the producer offset); and
 (b) a refundable tax offset for Australian expenditure