Income Tax Assessment Act 1936

Div 13A repealed by No 133 of 2009, s 3 and Sch 1 item 18, applicable in relation to the ESS interests mentioned in subsections 83A-5(1) and (2) of the Income Tax (Transitional Provisions) Act 1997 .

Div 13A inserted by No 169 of 1995.

Former Div 13A repealed by No 224 of 1992 and inserted by No 126 of 1977.

Subdiv F repealed by No 133 of 2009, s 3 and Sch 1 item 18, applicable in relation to the ESS interests mentioned in subsections 83A-5(1) and (2) of the Income Tax (Transitional Provisions) Act 1997 .

S 139FN repealed by No 133 of 2009, s 3 and Sch 1 item 18, applicable in relation to the ESS interests mentioned in subsections 83A-5(1) and (2) of the Income Tax (Transitional Provisions) Act 1997 . S 139FN formerly read:

SECTION 139FN TABLE 2 AND INSTRUCTIONS  
139FN(1) Table 2.  

The following is Table 2:

Exercise period (months)	Column 1	Column 2
108 to 120	24.7%	0.6%
96 to 108	23.9%	0.6%
84 to 96	22.9%	0.7%
72 to 84	21.7%	0.7%
60 to 72	20.3%	0.7%
48 to 60	18.6%	0.7%
36 to 48	16.5%	0.8%
24 to 36	14.1%	0.8%
18 to 24	12.7%	0.8%
12 to 18	11.2%	0.9%
9 to 12	10.3%	0.9%
6 to 9	9.4%	0.9%
3 to 6	8.4%	0.9%
0 to 3	7.8%	1.0%

139FN(2) Instructions for using Table 2 - calculating the base percentage.  

From column 1 of Table 2, select the percentage that corresponds to the period, in months, from the particular day until the last day on which the right may be exercised (the exercise period ). This percentage is called the base percentage .

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History

S 139FN(2) amended by No 122 of 1997.

139FN(3) Instructions for using Table 2 - calculating the additional percentage.  

From column 2 of Table 2, select the percentage that corresponds to the exercise period. This percentage is called the additional percentage .

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S 139FN(3) amended by No 122 of 1997.

139FN(4) Instructions for using Table 2 - calculating the excess.  

Work out the result of the following formula. Disregard any fraction. The result is called the excess .

139FN(5) Instructions for using Table 2 - calculating the market value.  

The market value of the right is the amount worked out using the following formula:

Note:

If:

(a) the exercise period; or

(b) the calculation percentage in relation to a particular right;

is the top of one range in Table 1 or 2 and is also the bottom of another range in that Table, it is taken to be in the lower range and not in the higher range.

S 139FN inserted by No 169 of 1995.