Document ID: chunk:federal_register_of_legislation:C2009C00311:clause:1_2:p2
Version: federal_register_of_legislation:C2009C00311
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 2/5)
Character Range: 8322–11170

entity are *acquired under the *arrangement, then, for the purposes of subsections (1) and (2):
 (a) those interests of each of those original entities are taken to have been acquired under separate arrangements; and
 (b) those separate arrangements are taken to have happened in the same order as the acquisitions.

 (5) If qualifying interests in more than one original entity:
 (a) would be taken by subsection (4) to have been *acquired under separate *arrangements happening at the same time; or
 (b) are acquired under separate arrangements that commence at the same time;
then, for the purposes of subsections (1) and (2), the replacement entity must choose the order in which those separate arrangements are to have happened.

Meaning of officially quoted price

 (6) An interest in an entity has an officially quoted price at a particular time if, during the one week period starting on the day in which that time occurred, there was at least one transaction on the relevant stock exchange in interests of that class. That price is the weighted average of the prices at which those interests were traded on that stock exchange during that period.

 (7) For the purposes of subsection (6), if an interest is quoted on 2 or more *approved stock exchanges on that day, the officially quoted price of the interest is determined under subsection (6) in respect of whichever of those the entity chooses.

124‑784B  What is the cost base and reduced cost base when arrangement is a restructure?

 (1) This section applies in relation to each qualifying interest in the original entity:
 (a) *acquired by an acquiring entity under an *arrangement to which section 124‑784A applies; and
 (b) for which the first element of the *cost base of the acquiring entity is not worked out under section 124‑782.

Note: Section 124‑782 applies when an original interest holder is a significant stakeholder or a common stakeholder.

First element of cost base—qualifying interests acquired in exchange for replacement interests only

 (2) The first element of the *cost base of the acquiring entity for the qualifying interest in the original entity is worked out as follows:

      Method statement
           Step 1. Add up:

                (a) the *market value, at the completion time, of the original entity's *pre‑CGT assets (except *trading stock); and
                (b) the *cost bases, at the completion time, of the original entity's *post‑CGT assets (except trading stock); and
                (c) for the original entity's *CGT assets (except trading stock) that had no cost base—the maximum amount of consideration the original entity would need to receive if it were to dispose, at the completion time, of those assets without an amount being assessable income of, or deductible to, the original entity; and
                (d) the amount