INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
View history note
Hide history noteWhere -
(a) a person (in this Division referred to as the ``shareholder'' ) holds shares in a company (in this Division referred to as the ``original shares'' );
(b) both of the following subparagraphs apply:
(i) a company (in this paragraph called the ``issuing company'' ) issues to the shareholder rights (in this Division called the ``rights'' ) to acquire shares (in this Division called the ``new shares'' ) in the issuing company or to acquire an option (in this Division called the ``option'' ) to acquire shares in the issuing company;
(ii) either:
(A) the issuing company is the company referred to in paragraph (a); or
(B) the issuing company is, or but for the issue of the rights would be, related to the company referred to in paragraph (a) when the rights are issued; and
(c) the shareholder did not, apart from any operation of subsection 160ZH(9) , pay or give any consideration in respect of the acquisition of the rights,
sections 160ZYL to 160ZYO (inclusive) have effect.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
