Tax Laws Amendment (2007 Measures No. 1) Act 2007 (56 of 2007)
Schedule 3 Employee share schemes and stapled securities
Part 1 Main amendments
Income Tax Assessment Act 1936
6 After section 139GCC
Insert:
139GCD Meaning of stapled security and stapled entity
(1) A security consisting of 2 or more interests is a stapled security if:
(a) each interest is either a share in a company or a unit in a unit trust; and
(b) at least one of the interests is an ordinary share; and
(c) all the interests are stapled together; and
(d) the security is listed for quotation in the official list of the ASX Limited.
(2) A stapled entity for a stapled security is a company or a unit trust covered by subsection (1) for the stapled security.