Income Tax Assessment Act 1997
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Hide history noteSECTION 208-205 208-205 Distributions to employees acquiring shares under eligible employee share schemes
Division 207 also applies to a *franked distribution made by an *exempting entity if:
(a) the distribution is made to an individual who, at the time the distribution is made, is an employee of:
(i) the exempting entity; or
(ii) a *subsidiary of the exempting entity; and
(b) the employee acquired a beneficial interest in the *share on which the distribution is made:
(i) under an *employee share scheme; and
(ii) in circumstances specified as relevant in section 208-215 ; and
(c) the employee does not hold that beneficial interest as a trustee.
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