Tax Laws Amendment (2007 Measures No. 1) Act 2007 (56 of 2007)

Schedule 3   Employee share schemes and stapled securities

Part 1   Main amendments

Income Tax Assessment Act 1936

6   After section 139GCC

Insert:

139GCD Meaning of stapled security and stapled entity

(1) A security consisting of 2 or more interests is a stapled security if:

(a) each interest is either a share in a company or a unit in a unit trust; and

(b) at least one of the interests is an ordinary share; and

(c) all the interests are stapled together; and

(d) the security is listed for quotation in the official list of the ASX Limited.

(2) A stapled entity for a stapled security is a company or a unit trust covered by subsection (1) for the stapled security.