Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 83A.15

             (1)  This section applies if:

                     (a)  you acquired a beneficial interest in a right before 1 July 2009; and

                     (b)  on or after 1 July 2009, the right becomes a right to acquire a beneficial interest in a share.

             (2)  Division 13A of the Income Tax Assessment Act 1936 is taken to have applied as if the right had always been a right to acquire the beneficial interest in the share.

Amendment of assessments

             (3)  Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment at any time for the purpose of giving effect to subsection (2) of this section.

Table of sections

102-1        Application of Parts 3-1 and 3-3 of the Income Tax Assessment Act 1997

102-5        Working out capital gains and capital losses

102-15      Applying net capital losses

102-20      Net capital gains, capital gains and capital losses for income years before 1998-99