Commonwealth Consolidated Acts

WOOL SERVICES PRIVATISATION ACT 2000 - SECT 29

                   For the purposes of the 1997 Tax Act, if any of the following results in the acquisition of a CGT asset, then the first element of the cost base of the asset is taken to be nil:

                     (a)  the issue of shares to a person under section 21;

                     (b)  the issue of shares to a person in accordance with HoldCo's constitution, where the issue is certified under section 36;

                     (c)  a certified demerger matter.

Note:          Section 110‑25 of the 1997 Tax Act defines the elements of the cost base.