New International Tax Arrangements (Foreign-owned Branches and Other Measures) Act 2005 (64 of 2005)

Schedule 4   Cross border employee shares or rights

Part 1   Amendments

Income Tax Assessment Act 1936

14   Paragraph 139D(1)(c)

Repeal the paragraph, substitute:

(c) apart from this section, an amount:

(i) would be included in respect of the acquisition in the assessable income of the taxpayer of a year of income under this Division; or

(ii) would have been so included if the taxpayer had been a resident at the time of the acquisition.