Tax Laws Amendment (Loss Recoupment Rules and Other Measures) Act 2005 (147 of 2005)

Schedule 5   Employee share schemes

Income Tax Assessment Act 1936

6   Subsection 139DD(2A)

Repeal the subsection, substitute:

(2A) To avoid doubt:

(a) the taxpayer does not lose the right if, because of section 139DQ, another right is treated, for the purposes of this Division, as if it were a continuation of that right; but

(b) the taxpayer loses the right if the taxpayer loses the other right without having exercised it.