Income Tax Assessment Act 1997

Part 3-90 inserted by No 68 of 2002, s 3 and Sch 1 item 2, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

Div 705 inserted by No 68 of 2002, s 3 and Sch 1 item 2, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

Subdiv 705-C inserted by No 117 of 2002, s 3 and Sch 4 item 4, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

S 705-195(1) amended by No 56 of 2010, s 3 and Sch 5 item 208, by substituting " *non-membership equity interests " for " rights or options " . For application provision see note under s 705-65(6) .

S 705-195(2) substituted by No 56 of 2010, s 3 and Sch 5 item 209. For application provision see note under s 705-65(6) .

S 705-195(2) formerly read:

Certain rights or options relating to the acquired group to be treated in same way as membership interests under step 1 of allocable cost amount

705-195(2)
Subsection 705-65(6) has effect as if it also treated as a ^* membership interest in the ^* head company of the acquired group a right or option (including a contingent right or option), created or issued by a ^* subsidiary member of the acquired group, to acquire a membership interest in the subsidiary member, where that right or option was held at the acquisition time by a ^* member of the acquiring group.

S 705-195 inserted by No 117 of 2002, s 3 and Sch 4 item 4, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).