Taxation Laws Amendment Act (No. 4) 2002 (53 of 2002)
Schedule 2 Trust to company roll-over
Part 2 Consequential amendments
Income Tax Assessment Act 1997
13 Subsection 134-1(4)
After "disregarded.", insert "However, this rule does not apply if the grantee *acquired the option under a trust restructure (see Subdivision 124-N) and, on exercising the option, held the resulting asset as an item of *trading stock.".