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.".