Tax Laws Amendment (2011 Measures No. 2) Act 2011 (41 of 2011)

Schedule 5  

Part 4   Employee share schemes

Division 2   Income Tax (Transitional Provisions) Act 1997

32   After Division 124

Insert:

Division 125 - Demerger relief

Table of Subdivisions

125-B Consequences for owners of interests

Subdivision 125-B - Consequences for owners of interests

Table of sections

125-75 Employee share schemes

125-75 Employee share schemes

Despite the amendment of section 125-75 of the Income Tax Assessment Act 1997 made by Schedule 1 to the Tax Laws Amendment (2009 Budget Measures No. 2) Act 2009, subsection (1) of that section continues to apply, from the commencement of that Schedule, to each ownership interest that it applied to just before that commencement.