Income Tax Assessment (1997 Act) Regulations 2021
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-40
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RULES AFFECTING EMPLOYEES AND OTHER TAXPAYERS RECEIVING PAYG WITHHOLDING PAYMENTS
Division 83A
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Employee share schemes
Subdivision 83A-E
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Miscellaneous
SECTION 83A-315.02
VALUING UNLISTED RIGHTS
83A-315.02(1)
The value of the unlisted right on a particular day is the greater of: (a) the market value, on the particular 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 sections 83A-315.03 and 83A-315.04 , the value, on the particular day, of the right to acquire the beneficial interest in the share worked out in accordance with sections 83A-315.05 to 83A-315.09 .
83A-315.02(2)
In working out the value of a right for the purposes of this Division, anything that would prevent or restrict conversion of the right to money is to be disregarded.
The value of the unlisted right on a particular day is the greater of: (a) the market value, on the particular 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 sections 83A-315.03 and 83A-315.04 , the value, on the particular day, of the right to acquire the beneficial interest in the share worked out in accordance with sections 83A-315.05 to 83A-315.09 .
83A-315.02(2)
In working out the value of a right for the purposes of this Division, anything that would prevent or restrict conversion of the right to money is to be disregarded.
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