Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)
Schedule 3 Employee share schemes
Income Tax Assessment Act 1936
7 At the end of section 139CB
Add:
Note: Subdivision DA can affect whether the taxpayer is treated as having disposed of a right or ceased employment.
(3) Paragraphs (1)(c) and (d) do not apply in relation to a right if:
(a) a share has been or is acquired as a result of the exercise of the right; and
(b) because of section 139DQ, another share is treated, for the purposes of this Division, as if it were a continuation of that share.
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