Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 83A.20

             (1)  This Subdivision applies to an * ESS interest if you acquire the interest under an * employee share scheme at a discount.

Note 1:       This Subdivision does not apply if Subdivision 83A-C applies: see section 83A- 105.

Note 2:       If an associate of yours acquires an interest in relation to your employment, this Division applies as if you, rather than your associate, acquired the interest: see section 83A- 305.

Note 3:       Regulations made for the purposes of section 83A- 315 may be relevant to working out whether you acquire the ESS interest at a discount.

             (2)  However, this Subdivision does not apply if the * ESS interest is a beneficial interest in a * share that you acquire as a result of exercising a right, if you acquired a beneficial interest in the right under an * employee share scheme.