Income Tax Assessment Regulations 1997 (Repealed)
View history note
Hide history noteIf a right is not quoted on an approved stock exchange on a particular day, the value of the right is the greater of:
(a) the market value, on the day, of the share that may be acquired by exercising the right, less the lowest amount that must be paid to exercise the right to acquire the beneficial interest in the share; and
(b) subject to regulation 83A-315.03 , the value determined in accordance with regulations 83A-315.05 to 83A-315.09 .
83A-315.02(2)
In determining the value of a right, anything that would prevent or restrict conversion of the right to money is to be disregarded.
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