Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 109.15

                   You do not acquire a * CGT asset if the asset was * disposed of:

                     (a)  to provide or redeem a security; or

                     (b)  because of the vesting of the asset in a trustee under the Bankruptcy Act 1966 or under a similar * foreign law; or

                     (c)  because of the vesting of the asset in a liquidator of a company, or the holder of a similar office under a foreign law.

Table of sections

109-50      Effect of this Subdivision

109-55      Other acquisition rules

109-60      Acquisition rules outside this Part and Part 3-3