Document ID: chunk:federal_register_of_legislation:C2010C00499:clause:9_15
Version: federal_register_of_legislation:C2010C00499
Segment Type: clause
Provision Reference: sch 9 cl 15
Character Range: 83271–84321

15  After subsection 152‑115(1)
Insert:

Assets replaced during FSR transition (same owner roll‑overs)

 (1A) If a *CGT asset is an asset (the new asset) you acquired in a situation covered by section 124‑880, 124‑885 or 124‑890, then paragraphs 152‑105(b) and 152‑110(1)(b) and (c) (the 15‑year and controlling individual rules) apply as if you had acquired the new asset when you acquired the original asset.

Note: Subdivision 124‑O provides a roll‑over for certain CGT assets that come to an end as a result of an FSR transition.

Asset replaced during FSR transition (new owner roll‑overs)

 (1B) If a *CGT asset is an asset (the new asset) acquired in a situation covered by section 124‑900, 124‑905 or 124‑910, then paragraphs 152‑105(b) and 152‑110(1)(b) and (c) (the 15‑year and controlling individual rules) apply as if the new owner had acquired the new asset when the original owner acquired the original asset.

Note: Subdivision 124‑O provides a roll‑over for certain CGT assets that come to an end as a result of an FSR transition.