Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p13
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 13/59)
Character Range: 2565255–2567881

to obtain the roll‑over; and
 (d) if that section applies to it, it informs that trustee in writing of the *cost base of its original interest as at the time just before a CGT event happened in relation to it.
Note: If the original interest holder also exchanges a CGT asset that it acquired before 20 September 1985, the cost base of any interest received in exchange for it is worked out under section 124‑800.

Further roll‑over conditions in certain cases
 (4) These conditions must be satisfied if the original interest holder and the trustee of the acquiring entity did not deal with each other at *arm's length and neither the original entity nor the acquiring entity had at least 300 beneficiaries just before the *arrangement started:
 (a) the *market value of the original interest holder's *capital proceeds for the exchange is at least substantially the same as the market value of its original interest; and
 (b) its replacement interest carries the same kind of rights and obligations as those attached to its original interest.
Note: There are some cases where a trust will not be regarded as having 300 beneficiaries: see section 124‑810.

CUFS
 (5) This section applies to the holder of a Chess Unit of Foreign Security as if the holder held the underlying interests that the unit represents.
Note: A Chess Unit of Foreign Security is an interest, traded on the stock market operated by ASX Limited, in a foreign share, unit or interest.

Meaning of trust voting interest
 (6) A trust voting interest in a trust is an interest in the trust that confers rights of the same or a similar kind as the rights conferred by a *voting share in a company.

124‑782  Transfer or allocation of cost base of shares acquired by acquiring entity etc.

Transfer of cost base
 (1) The *cost base of an original interest *acquired by an acquiring entity under the *arrangement from an original interest holder becomes the first element of the cost base and *reduced cost base of the acquiring entity for the interest if:
 (a) the original interest holder obtains a roll‑over; and
 (b) the holder is a *significant stakeholder or a *common stakeholder for the arrangement.
Note 1: For other interests, for example, interests for which the roll‑over is not chosen, the cost base will be worked out under the ordinary cost base rules in Divisions 110 and 112.
Note 2: There is a special rule to determine the cost base of equity or debt given to a member of an acquiring wholly‑owned group by another member of the group under an arrangement: see section 124‑784.

Allocation of cost base in cancellation case
 (2) The *cost base