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 1997
36 At the end of section 136-40
Add:
(4) This section does not apply to a *share or right if:
(a) it is a *qualifying share or a *qualifying right; and
(b) you have not made an election under section 139E of the Income Tax Assessment Act 1936 covering the share or right; and
(c) the *cessation time for the share or right has not occurred.