INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
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(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 an option (in this Division called the ``option'' ) to acquire shares (in this Division called the ``new 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 options would be, related to the company referred to in paragraph (a) when the options 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 option,
sections 160ZYS to 160ZYV (inclusive) have effect.
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