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Financial Corporations (Transfer of Assets and Liabilities) Act 1993
18Additional roll‑over relief
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18 Additional roll‑over relief
There is a roll‑over under Subdivision 126‑B of the Income Tax Assessment Act 1997 (which normally applies only to certain transfers between companies in the same wholly‑owned group) if: (a) the trigger event is a transfer to which this Act applies; and (b) the requirements of that Subdivision are met, disregarding: (i) subsections 126‑50(1), (5), (6), (7), (8) and (9) of that Act; and (ii) section 126‑55 of that Act. This is in addition to that Subdivision’s effect apart from this section.