Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)
Schedule 3 Employee share schemes
Income Tax Assessment Act 1997
20 Subsection 130-90(3)
Repeal the subsection, substitute:
(3) Either:
(a) the individual, *associate or affiliate company must have acquired the *share or right under an *employee share scheme; or
(b) the share or right must, because of section 139DQ of the Income Tax Assessment Act 1936, be a share or right that is treated, for the purposes of Division 13A of Part III of that Act, as if it were a continuation of a share or right acquired under an employee share scheme.
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