Taxation Laws Amendment Act (No. 3) 2003 (101 of 2003)
Schedule 2 Employee share schemes
Part 1 Income Tax Assessment Act 1997
5 Subsection 115-30(1) (at the end of the table)
Add:
|
8 |
A *CGT asset that is a *share or right where: (a) the share or right was *acquired under an *employee share scheme; and (b) the share or right was acquired from an *employee share trust; and (c) if the share is a *qualifying share or the right is a *qualifying right - the acquirer made an election under section 139E of the Income Tax Assessment Act 1936 |
When the acquirer first acquired a beneficial interest in the share or right |