S 139GCC repealed by No 133 of 2009, s 3 and Sch 1 item 18, applicable in relation to the ESS interests mentioned in subsections
Income Tax (Transitional Provisions) Act 1997
. S 139GCC formerly read:
SECTION 139GCC MEANING OF
of a company is a change in the ownership, or the structure of the ownership, of the company as a result of which some or all shares or rights held in the company under an employee share scheme immediately before the change:
are replaced; or
could reasonably be regarded as having been replaced;
wholly or partly by shares or rights in one or more other companies.
S 139GCC inserted by No 41 of 2005. No 41 of 2005, s 3 and Sch 3 item 22, contains the following application provision:
The amendment is taken to have applied, to acquisitions of shares or rights on or after 1 July 2004.
In this item:
, of a share or right, has the same meaning as in Division
Income Tax Assessment Act 1936