Tax Laws Amendment (2006 Measures No. 4) Act 2006 (168 of 2006)
Schedule 4 CGT and foreign residents
Part 3 Consequential amendments
Income Tax Assessment Act 1997
51 Paragraph 124-300(7)(b)
Repeal the paragraph, substitute:
(b) if you are a foreign resident at that time:
(i) the original rights or original option were *taxable Australian property just before that time; and
(ii) the new rights or new option are taxable Australian property when they are issued.
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