Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p33
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 33/59)
Character Range: 2614187–2616826

interposed trust is such amount as is reasonable having regard to:
 (a) the total of the *cost bases of all of your ownership interests in the *stapled entities; and
 (b) the number, *market value and character of your ownership interests in the interposed trust.
Example: Naomi had a cost base of $2.00 for each of her 200 Public Company A shares, $1.50 for each of her 200 Unit Trust No. 1 units and $0.50 for each of her 200 Unit Trust No. 2 units. The total of the cost bases of all of her membership interests is $800.00.
 It is reasonable to allocate $8.00 to each of the 100 units in the interposed trust that she receives under the reorganisation.
 (3) If you *acquired all of your *ownership interests in the *stapled entities before 20 September 1985, you are taken to have acquired all of your ownership interests in the interposed trust before that day.
 (4) If you *acquired some of your *ownership interests in the *stapled entities before 20 September 1985, you are taken to have acquired so many of your ownership interests in the interposed trust as is reasonable before that day having regard to:
 (a) the number, *market value and character of your ownership interests in the stapled entities; and
 (b) the number, market value and character of your ownership interests in the interposed trust.
Note: Generally, a capital gain or capital loss from a CGT asset acquired before 20 September 1985 can be disregarded: see Division 104.
 (5) The first element of the *cost base and *reduced cost base of each of your *ownership interests in the interposed trust that is not taken by subsection (4) to have been *acquired before 20 September 1985 (your post‑CGT interests) is such amount as is reasonable having regard to:
 (a) the total of the cost bases of your ownership interests in the *stapled entities that you acquired on or after 20 September 1985; and
 (b) the number, *market value and character of your post‑CGT interests.

124‑1060  Consequences of the roll‑over for interposed trust
 (1) Apply this section separately for the interposed trust in relation to the *ownership interests in each *stapled entity that the trustee of the interposed trust *acquires under the *scheme.
 (2) A whole number of *ownership interests in a *stapled entity that the trustee *acquires under the *scheme are taken to have been acquired before 20 September 1985 if any of the stapled entity's assets as at the completion time were acquired by it before that day.
Note: Generally, a capital gain or capital loss from a CGT asset acquired before 20 September 1985 can be disregarded: see Division 104.
 (3) The number (worked out as