Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2
Character Range: 2756225–2757780

2                                     You *acquire *shares (except shares acquired under an *employee share scheme) by converting a *convertible interest that is not a *traditional security.                                       The first element of the *cost base of the shares is the sum of:
                                                                                                                                                                                                                                     (a) the cost base of the convertible interest at the time of conversion; and
                                                                                                                                                                                                                                     (b) any amount paid to convert the convertible interest, except to the extent that the amount is represented in the paragraph (a) amount; and
                                                                                                                                                                                                                                     (c) all the amounts to be added under subsection (1A).
                                                                                                                                                                                                                                     The first element of their *reduced cost base is worked out similarly.