Document ID: chunk:federal_register_of_legislation:C2010C00648:clause:2_33
Version: federal_register_of_legislation:C2010C00648
Segment Type: clause
Provision Reference: sch 2 cl 33
Character Range: 112781–113738

33  After subsection 705‑65(5A)
Insert:

 (5B) For the purposes of working out the *cost base or *reduced cost base of a *membership interest under subsection (1), if:
 (a) either or both of the following things happen after the joining time:
 (i) money is paid, or becomes required to be paid, in respect of *acquiring the membership interest;
 (ii) property is given, or becomes required to be given, in respect of acquiring the membership interest; and
 (b) because the thing happened after the joining time, it was not taken into account in working out the first element of the cost base or reduced cost base of the membership interest;

Note: This would be the case if the money was only to be paid etc. if a contingency happened after the joining time.
the thing is nevertheless so taken into account, and taken always to have been so taken into account.

Part 7—MEC groups and transitional entities

Income Tax (Transitional Provisions) Act 1997