Tax Laws Amendment (2006 Measures No. 2) Act 2006 (58 of 2006)

Schedule 3   CGT treatment of options

Income Tax (Transitional Provisions) Act 1997

6   At the end of section 134-1

Add:

(2) This section does not apply to an option if:

(a) it has been renewed or extended; and

(b) the last renewal or extension occurred on or after 20 September 1985.