Income Tax (Transitional Provisions) Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-40 - RULES AFFECTING EMPLOYEES AND OTHER TAXPAYERS RECEIVING PAYG WITHHOLDING PAYMENTS  

Division 83A - Employee share schemes  

Subdivision 83A-B - Application of former provisions of the Income Tax Assessment Act 1936  

SECTION 83A-15   Indeterminate rights  

83A-15(1)    
This section applies if:

(a) you acquired a beneficial interest in a right before 1 July 2009; and

(b) on or after 1 July 2009, the right becomes a right to acquire a beneficial interest in a share.

83A-15(2)    
Division 13A of the Income Tax Assessment Act 1936 is taken to have applied as if the right had always been a right to acquire the beneficial interest in the share.

Amendment of assessments

83A-15(3)    
Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment at any time for the purpose of giving effect to subsection (2) of this section.