Document ID: chunk:federal_register_of_legislation:C2010C00685:clause:1_8
Version: federal_register_of_legislation:C2010C00685
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 4069–5215

8  At the end of section 160ZZPL
Add:

 (8) A share in a company is a roll‑over asset in respect of a taxpayer who is an individual (other than an individual acting as a trustee) in respect of a year of income if:
 (a) the company is, in respect of the year of income, a private company that is a resident; and
 (b) the share is disposed of by the taxpayer in the year of income; and
 (c) the taxpayer is the controlling individual of the company at the disposal test time; and
 (d) the threshold criteria set out in section 160ZZPP are complied with at the disposal test time.

 (9) A unit in a unit trust is a roll‑over asset in respect of a taxpayer who is an individual (other than an individual acting as a trustee) in respect of a year of income if:
 (a) the unit trust is a resident unit trust, but is not a publicly traded unit trust, in respect of the year of income; and
 (b) the unit is disposed of by the taxpayer in the year of income; and
 (c) the taxpayer is the controlling individual of the trust at the disposal test time; and
 (d) the threshold criteria set out in section 160ZZPP are complied with at the disposal test time.