Tax Laws Amendment (Loss Recoupment Rules and Other Measures) Act 2005 (147 of 2005)
Schedule 5 Employee share schemes
Income Tax (Transitional Provisions) Act 1997
16 At the end of section 130-80
Add:
(4) Shares or rights that, under section 139DQ of the Income Tax Assessment Act 1936, are treated as a continuation of shares or rights in a company for the purposes of Division 13A of Part III of that Act:
(a) are treated in the same way for the purposes of this section; and
(b) are taken, for the purposes of this section, to have been acquired at the time of the last acquisition of the shares or rights that was not treated as such a continuation for the purposes of that Division.
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