Financial Sector Legislation Amendment (Restructures) Act 2007 (117 of 2007)

Schedule 3   Consequential amendments

Income Tax Assessment Act 1997

21   Subsection 709-80(1) (note)

Repeal the note, substitute:

Note 1: Subsection 703-35(4) requires certain shares held under employee share schemes to be disregarded.

Note 2: Subsection 703-37(4) requires certain preference shares to be disregarded following an ADI restructure.