Document ID: chunk:federal_register_of_legislation:C2010C00603:clause:12_9
Version: federal_register_of_legislation:C2010C00603
Segment Type: clause
Provision Reference: sch 12 cl 9
Character Range: 171894–172488

9  Subsection 126‑150(3)
Repeal the subsection, substitute:

 (3) If:
 (a) the roll‑over asset is a right or convertible interest referred to in Division 130, or an option referred to in Division 134, of the Income Tax Assessment Act 1997 or an exchangeable interest; and
 (b) the recipient company acquires another CGT asset by exercising the right or option or by converting the convertible interest or in exchange for the disposal or redemption of the exchangeable interest;
the other asset cannot become trading stock of the recipient company just after the recipient company acquired it.