Tax Laws Amendment (Loss Recoupment Rules and Other Measures) Act 2005 (147 of 2005)
Schedule 5 Employee share schemes
Income Tax Assessment Act 1936
6 Subsection 139DD(2A)
Repeal the subsection, substitute:
(2A) To avoid doubt:
(a) the taxpayer does not lose the right if, because of section 139DQ, another right is treated, for the purposes of this Division, as if it were a continuation of that right; but
(b) the taxpayer loses the right if the taxpayer loses the other right without having exercised it.
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