Document ID: chunk:federal_register_of_legislation:C2016A00018:clause:1_4
Version: federal_register_of_legislation:C2016A00018
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 13771–14334

4  At the end of section 152‑115
Add:

Restructures of small businesses
 (3) If section 328‑450 or 328‑455 applies in relation to the transfer of an asset to you, then paragraphs 152‑105(b) and (c) and 152‑110(1)(b) and (c) (the 15‑year and significant individual rules) apply as if:
 (a) you had acquired the asset when the entity transferring the asset acquired it; or
 (b) in a case where, for the purposes of applying those paragraphs, the time when that entity acquired the asset was provided for by this subsection—you had acquired the asset at that time.