It is indeed possible but a bit tricky.
Before you create the new cog (that will see all the actions after the action "Create object" applied to it) set a reference to the "original" cog object.
To do so you can use a local/global variable in which you put the UID value of the original cog.
Then, as a subevent after the new cog creation you use the system condition "Pick all" cog. Add also the condition "Pick cog by UID" and put the variable in which you kept the UID of the original cog.
From now on, in that subevent all the actions apply to the old cog.