Document ID: chunk:federal_register_of_legislation:C2004A00898:clause:1_3
Version: federal_register_of_legislation:C2004A00898
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 14467–15654

3                                     You *acquire units in a unit trust by converting a *convertible interest (except one that is a *traditional security) that was issued by the trustee of the unit trust after 28 January 1988.  The first element of the *cost base of the 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.