Document ID: chunk:federal_register_of_legislation:C2004A00898:clause:1_1
Version: federal_register_of_legislation:C2004A00898
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 12088–13282

1                                     You *acquire *shares or units in a unit trust by converting a *convertible interest that is a *traditional security.                                                                           The first element of the *cost base of the shares or units 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.