The ATO states that a "Rollover is only available if the exchange is a consequence of an arrangement that results in the acquiring entity (or the wholly owned group of which it is a member) becoming the owner of 80% or more of the original company or trust."
As both OUM and MLM own over 20% each, it is impossible for one or the other to own the required 80%. So no one will be eligible for Rollover relief?
QOL Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
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