Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p8
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 8/79)
Character Range: 4850234–4853039

relation to the following assets (the original assets) of the transferring entity with the result that it ceases to own those assets:
 (a) for a losses choice under section 310‑10 (original funds)—all of its *CGT assets;
 (b) for a losses choice under section 310‑15 (life insurance companies)—all of its CGT assets reasonably attributable to the *complying superannuation life insurance policy held by the original fund for the losses choice just before the arrangement was made;
 (c) for a losses choice under section 310‑20 (pooled superannuation trusts)—all of its CGT assets reasonably attributable to the units in that entity held by the original fund for the losses choice just before the arrangement was made.
 (3) The second condition is that the transfer events all happen in the income year (the transfer year) for the transferring entity that includes the completion time for the losses choice.
 (4) The third condition is that, for each transfer event, an asset (the received asset) becomes an asset of one of the following (the receiving entity) as a result of the event:
 (a) a continuing fund for the losses choice;
 (b) a *pooled superannuation trust in which units are held by a continuing fund for the losses choice just after the completion time;
 (c) a *life insurance company with which a *complying superannuation life insurance policy is held by a continuing fund for the losses choice just after the completion time.
 (5) For the purposes of subsection (2), ignore any *CGT assets retained by the transferring entity:
 (a) to pay its existing or expected debts relating to the *arrangement; or
 (b) to meet its liabilities relating to individuals who have remained members (within the meaning of the Superannuation Industry (Supervision) Act 1993) of the original fund because of circumstances beyond the control of the trustee of that fund.

310‑50  Choosing the form of the assets roll‑over
 (1) An entity that chooses a roll‑over under this Subdivision must choose the form of the roll‑over that applies to each of the following:
 (a) the original assets that are not *revenue assets;
 (b) the original assets that are revenue assets.
 (2) In respect of original assets that are not *revenue assets, the entity choosing the roll‑over must choose either section 310‑55 (global asset approach) or 310‑60 (individual asset approach) to apply to the original assets and the corresponding received assets.
 (3) In respect of original assets that are *revenue assets, the entity choosing the roll‑over must choose either section 310‑65 (global asset approach) or 310‑70 (individual asset approach) to apply to the original assets and the corresponding received assets.
Note: The entity choosing the form of the roll‑over may choose different forms of roll‑over for its CGT assets and