Document ID: chunk:federal_register_of_legislation:C2004A00898:clause:1_2
Version: federal_register_of_legislation:C2004A00898
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 13282–14467

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) all the amounts to be added under subsection (1A).
                                                                                                                                                                                                                                     The first element of their *reduced cost base is worked out similarly.