Tax Laws Amendment (2009 Budget Measures No. 2) Act 2009 (133 of 2009)
Schedule 1 Employee share schemes
Part 2 Consequential amendments
Income Tax Assessment Act 1997
51 Subsection 247-15(3)
Repeal the subsection, substitute:
(3) This Division does not apply to a *capital protected borrowing if:
(a) an *ESS interest is acquired under the borrowing; and
(b) Subdivision 83A-B or 83A-C (about employee share schemes) applies to the ESS interest.
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