Document ID: chunk:federal_register_of_legislation:C2010C00499:clause:9_13:p2
Version: federal_register_of_legislation:C2010C00499
Segment Type: clause
Provision Reference: sch 9 cl 13 (pt 2/9)
Character Range: 63720–66356

on or before 10 March 2004—the qualified licence is revoked as a result of the new licence being granted to you; and
 (e) if the new licence is granted after 10 March 2004:
 (i) the qualified licence ceases to have effect on 10 March 2004; and
 (ii) if the new licence had been granted on or before 10 March 2004, the qualified licence would have been revoked as a result of the new licence being granted.

Note: The period in paragraph (a) may be extended in special circumstances: see section 124‑925. If it is extended, the day in paragraphs (d) and (e) changes too.

124‑890  Rights roll‑over (same owner)

  There is a roll‑over if:
 (a) one or more intangible *CGT assets owned by you cease to exist during the period beginning on 11 March 2002 and ending on 10 March 2004; and
 (b) the asset or assets cease to exist because of the termination of one or more contracts; and
 (c) the termination is directly connected with Chapter 7 of the Corporations Act 2001 (as amended by the Financial Services Reform Act 2001) beginning to apply to you; and
 (d) you acquire one or more intangible CGT assets by entering into one or more contracts in substitution (whether wholly or partly) for the contract or contracts that were terminated.

Note: The period in paragraph (a) may be extended in special circumstances: see section 124‑925.

124‑895  Consequences of a same owner roll‑over

 (1) In each situation covered by section 124‑880, 124‑885 or 124‑890, where:
 (a) your ownership of one or more *CGT assets (the original asset or assets) comes to an end; and
 (b) you acquire one or more CGT assets (the replacement asset or assets);
the consequences of that section applying are the consequences specified in Subdivision 124‑A, with the modifications set out below.

 (2) The first element of the *cost base and *reduced cost base of each replacement asset includes any amount you paid to get the replacement asset (which can include giving property: see section 103‑5). This subsection does not apply if subsection (3) applies.

Note: If subsection (3) applies, any amount you paid to get the replacement asset is included in the cost base and reduced cost base by subsection (5).

 (3) In a situation where subsection 124‑15(5) would otherwise apply (where you *acquired some original assets before 20 September 1985 and some on or after that date), use subsections (4) to (7) of this section instead of subsections 124‑15(5) and (6).

 (4) Each replacement asset, or part of a replacement asset, to the extent that it relates to one or more original assets that were *acquired before 20 September 1985, is taken to be:
 (a) a