28 Nov 1212 Amendments to revenue asset and trading stock roll-overs
The Government has made several announcements regarding changes to the rules relating to revenue asset and trading stock roll-overs. Broadly, the changes apply from the date of the applicable announcement. Draft legislation and Explanatory Memorandum were released on 12 October 2012. The changes have yet to be enacted.
The ATO has now published the administrative treatment that it will apply pending the enactment of the changes.