Income Tax Assessment 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-E - Miscellaneous  

SECTION 83A-320   Interests in a trust  

83A-320(1)    
This section applies if, at a time:

(a) you hold an interest in a trust whose assets include *shares; and

(b) that interest corresponds to a particular number of the shares (even if the interest does not correspond to particular shares).

83A-320(2)    
For the purposes of this Division, treat yourself as holding at that time a beneficial interest in each of a number of the *shares included in the assets of the trust equal to the number mentioned in paragraph (1)(b).

83A-320(3)    
If there are 2 or more classes of *shares included in the assets of the trust, this section operates separately in relation to each class as if the shares in that class were all the shares included in the assets of the trust.

83A-320(4)    
This section applies to rights to acquire beneficial interests in *shares in the same way it applies to shares.

Note:

For the CGT treatment of employee share schemes, see Subdivision 130-D .